LST
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New #LST Stablecoin Launches with 200% APR
Prisma, a new dapp that creates a #Stablecoins , mkUSD, from liquid staking tokens (LST) collateral is bringing back the huge #DEFI APRs with a double whammy.
Users can deposit wstETH, rETH, cbETH or the more exotic sfrxETH, and mint mkUSD like you would do with DAI, except here you earn PRISMA just for the minting.
That mkUSD can then be sent to Prisma's own pools or Curve and Convex pools and earn some more #PRISMA .
Prisma, a new dapp that creates a #Stablecoins , mkUSD, from liquid staking tokens (LST) collateral is bringing back the huge #DEFI APRs with a double whammy.
Users can deposit wstETH, rETH, cbETH or the more exotic sfrxETH, and mint mkUSD like you would do with DAI, except here you earn PRISMA just for the minting.
That mkUSD can then be sent to Prisma's own pools or Curve and Convex pools and earn some more #PRISMA .
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Ethereum restaging protocol Renzo raised $3.2 million at a valuation of $25 million
EigenLayer-based re-staking protocol Renzo has raised $3.2 million in seed funding.
The round was led by Maven11 Capital. Other participants include Figment Capital, SevenX Ventures and IOSG Ventures. Investors valued the project, founded in August last year, at $25 million.
Renzo helps users re-stake ETH through interaction with EigenLayer. The beta version of the protocol's mainnet has been running since last month. The developers will add support for liquid staking tokens (LST) in future platform releases.
To get started with Renzo, users need to deposit ETH or LST (in the future). In return, the platform issues liquid re-staking tokens ezETH, which can then be used in DeFi applications to generate additional income.
“Renzo is a third-generation protocol that supports both native ETH and LST,” said project co-founder Lukas Kozinski.
#Ethereum2024 #LST #ETH/USDT #etherem #Ethereum!
$ETH
EigenLayer-based re-staking protocol Renzo has raised $3.2 million in seed funding.
The round was led by Maven11 Capital. Other participants include Figment Capital, SevenX Ventures and IOSG Ventures. Investors valued the project, founded in August last year, at $25 million.
Renzo helps users re-stake ETH through interaction with EigenLayer. The beta version of the protocol's mainnet has been running since last month. The developers will add support for liquid staking tokens (LST) in future platform releases.
To get started with Renzo, users need to deposit ETH or LST (in the future). In return, the platform issues liquid re-staking tokens ezETH, which can then be used in DeFi applications to generate additional income.
“Renzo is a third-generation protocol that supports both native ETH and LST,” said project co-founder Lukas Kozinski.
#Ethereum2024 #LST #ETH/USDT #etherem #Ethereum!
$ETH
Get Wet with Kim: Liquid Staking Token Takeover
Okay, liquid tokens aren’t actually gonna get you wet (get your head out the gutter).
BUT, they will unlock a whole new avenue for you to earn rewards with your crypto.
On Mode, Kim is leading the way in making sure you can get rewards on rewards on rewards… ad nauseum.
TF is a Liquid Staking Token?
If you don’t already know, you’re ngmi. But dw, we’ll teach you in just a few paragraphs.
There are two core types of liquid staking tokens. #LST s and #LRT s.
LST = Liquid staking token - You stake your #ethurum with a staking provider and, in return, they give you another token which is redeemable for your ETH.
That way you can continue to earn staking rewards of the protocol whilst freeing up liquidity to leverage opportunities in the DeFi ecosystems (ONLY KIM).
E.g - you deposit 1 ETH into ANKR, you’ll receive ankrETH which continues to earn the staking rewards from staking ETH whilst you have the liquidity in the form of the LST (ankrETH).
LRT = Liquid staking token - This is basically the same as LSTs but, in the majority of cases, they’ve restaked your ETH with #EigenLayer
TL;DR = LRT = double staked (kinda) = more rewards.
LSTs & LRTs on Kim
There are a tonne of LST and LRT opportunities on Kim. Let’s take a look at a few of them and what rewards you can snag.
Remember, 100% off the verified LPs on Kim award you 4x Mode points so you can slurp up some of that delicious $MODE when the TGE goes live (btw, Mode Foundation, WEN?!).
ETH-wrsETH
wrsETH from KelpDAO is a liquid restaking token. So, yep, that means you earn:
ETH staking rewards simply by holding wrsETHKelp miles (this is just a cool way of saying points)EigenLayer points, yep, just by hodling, if you provide LP on Kim you’l get…BOOSTED 2x Kelp milesBoosted Kim points4x Boosted Mode points
All the whilst retaining your EigenLayer points and base ETH rewards.
weETH.mode-ETH
weETH.mode from EtherFi - a wrapped version of eETH native to Mode - is another liquiid restaking token. Provide LP on Kim and snag:
4x Mode pointsBoosted Kim pointsETH staking rewardsEigenLayer staking rewards3x EtherFi pointsEigenLayer points
Like, jeez, if the list gets much longer the article will be 10,000 words.
ezETH-ETH
Next up, ezETH from Renzo. No, we will not talk about any token graphs here. It’s another liquid restaking token so that means a sh*t load of rewards. Let’s take a look:
4x #Mode pointsBoosted Kim pointsETH staking rewardsEigenLayer staking rewards4x ezPointsEigenLayer points
Are you getting the picture yet? LSTs/LRTs = reward printers with liquidity on Kim.
– These are, of course, just a handful of LSTs/LRTs on Kim, you can always leverage your:
pxETH from Dinero, STONE from Stakestone (kudos for not using something like stonETH when you named it, guys).
There are more en route! Kim is home to liquid staking tokens. We’re on a mission to becoming the deepest liquidity in the Superchain by providing the highest rewards. Gracias, Amigos Adios for now. Provide liquidity. Get rewarded.
Follow us on X, join us on Discord, and provide liquidity.
BUT, they will unlock a whole new avenue for you to earn rewards with your crypto.
On Mode, Kim is leading the way in making sure you can get rewards on rewards on rewards… ad nauseum.
TF is a Liquid Staking Token?
If you don’t already know, you’re ngmi. But dw, we’ll teach you in just a few paragraphs.
There are two core types of liquid staking tokens. #LST s and #LRT s.
LST = Liquid staking token - You stake your #ethurum with a staking provider and, in return, they give you another token which is redeemable for your ETH.
That way you can continue to earn staking rewards of the protocol whilst freeing up liquidity to leverage opportunities in the DeFi ecosystems (ONLY KIM).
E.g - you deposit 1 ETH into ANKR, you’ll receive ankrETH which continues to earn the staking rewards from staking ETH whilst you have the liquidity in the form of the LST (ankrETH).
LRT = Liquid staking token - This is basically the same as LSTs but, in the majority of cases, they’ve restaked your ETH with #EigenLayer
TL;DR = LRT = double staked (kinda) = more rewards.
LSTs & LRTs on Kim
There are a tonne of LST and LRT opportunities on Kim. Let’s take a look at a few of them and what rewards you can snag.
Remember, 100% off the verified LPs on Kim award you 4x Mode points so you can slurp up some of that delicious $MODE when the TGE goes live (btw, Mode Foundation, WEN?!).
ETH-wrsETH
wrsETH from KelpDAO is a liquid restaking token. So, yep, that means you earn:
ETH staking rewards simply by holding wrsETHKelp miles (this is just a cool way of saying points)EigenLayer points, yep, just by hodling, if you provide LP on Kim you’l get…BOOSTED 2x Kelp milesBoosted Kim points4x Boosted Mode points
All the whilst retaining your EigenLayer points and base ETH rewards.
weETH.mode-ETH
weETH.mode from EtherFi - a wrapped version of eETH native to Mode - is another liquiid restaking token. Provide LP on Kim and snag:
4x Mode pointsBoosted Kim pointsETH staking rewardsEigenLayer staking rewards3x EtherFi pointsEigenLayer points
Like, jeez, if the list gets much longer the article will be 10,000 words.
ezETH-ETH
Next up, ezETH from Renzo. No, we will not talk about any token graphs here. It’s another liquid restaking token so that means a sh*t load of rewards. Let’s take a look:
4x #Mode pointsBoosted Kim pointsETH staking rewardsEigenLayer staking rewards4x ezPointsEigenLayer points
Are you getting the picture yet? LSTs/LRTs = reward printers with liquidity on Kim.
– These are, of course, just a handful of LSTs/LRTs on Kim, you can always leverage your:
pxETH from Dinero, STONE from Stakestone (kudos for not using something like stonETH when you named it, guys).
There are more en route! Kim is home to liquid staking tokens. We’re on a mission to becoming the deepest liquidity in the Superchain by providing the highest rewards. Gracias, Amigos Adios for now. Provide liquidity. Get rewarded.
Follow us on X, join us on Discord, and provide liquidity.
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Important news from last night to this morning (4/16-4/17)
The US SEC prohibits employees from using work phones to access third-party instant messaging applications
Safe discloses SAFE token economics: maximum supply of 1 billion, 5% will be allocated to users
io.net announces IO token economic model: initial supply of 500 million, maximum supply of 800 million, and the community will eventually allocate 50%
The Super Artificial Intelligence Alliance (ASI) is scheduled to launch on May 24
SingularityNET, Fetch.ai and Ocean Protocol are discussing merging their respective tokens into an artificial intelligence token called ASI. In this merger plan, the market value of the ASI token is expected to reach US$7.5 billion after full dilution.
The Korean won surpassed the US dollar to become the currency with the largest global crypto asset trading volume in the first quarter
PayPal cancels buyer and seller protection for NFTs
ZachXBT: The investigation of Prisma attacker 0x77 and his multiple suspected attacks has been completed and detailed information has been obtained
Cross-chain communication protocol Analog cooperates with CoinList to provide 2% of ANLOG tokens to test network users
Jupiter announced the launch of LST token JupSOL
Coinbase wallet has integrated SOL DEX, and users can trade more than 50,000 Solana ecosystem tokens
Solana ecosystem DeFi protocol Drift Protocol plans to launch DRIFT governance tokens, and 100 million will be airdropped in the next few weeks
a16z has raised $7.2 billion in new funds and plans to raise more funds in 2025
Real estate equity mortgage institution and tokenization platform Homium completes $10 million Series A financing
SendingNetwork, a DePIN project focusing on Web3 communication, completes $7.5 million seed extension financing
Data: On April 16, BlackRock IBIT's trading volume was $1.24 billion, Grayscale GBTC was $526 million
#热门话题 #SAFE #ASI #LST #SOL🔥🔥🔥🔥 $SOL $BTC
The US SEC prohibits employees from using work phones to access third-party instant messaging applications
Safe discloses SAFE token economics: maximum supply of 1 billion, 5% will be allocated to users
io.net announces IO token economic model: initial supply of 500 million, maximum supply of 800 million, and the community will eventually allocate 50%
The Super Artificial Intelligence Alliance (ASI) is scheduled to launch on May 24
SingularityNET, Fetch.ai and Ocean Protocol are discussing merging their respective tokens into an artificial intelligence token called ASI. In this merger plan, the market value of the ASI token is expected to reach US$7.5 billion after full dilution.
The Korean won surpassed the US dollar to become the currency with the largest global crypto asset trading volume in the first quarter
PayPal cancels buyer and seller protection for NFTs
ZachXBT: The investigation of Prisma attacker 0x77 and his multiple suspected attacks has been completed and detailed information has been obtained
Cross-chain communication protocol Analog cooperates with CoinList to provide 2% of ANLOG tokens to test network users
Jupiter announced the launch of LST token JupSOL
Coinbase wallet has integrated SOL DEX, and users can trade more than 50,000 Solana ecosystem tokens
Solana ecosystem DeFi protocol Drift Protocol plans to launch DRIFT governance tokens, and 100 million will be airdropped in the next few weeks
a16z has raised $7.2 billion in new funds and plans to raise more funds in 2025
Real estate equity mortgage institution and tokenization platform Homium completes $10 million Series A financing
SendingNetwork, a DePIN project focusing on Web3 communication, completes $7.5 million seed extension financing
Data: On April 16, BlackRock IBIT's trading volume was $1.24 billion, Grayscale GBTC was $526 million
#热门话题 #SAFE #ASI #LST #SOL🔥🔥🔥🔥 $SOL $BTC
ETH ETF Unleashed: Brace for Impact!
The recent approval of the Ethereum ETF has ignited excitement in the crypto community, and rightfully so! Let’s break down why this development is a game-changer and explore some promising coins to watch:
Ethereum’s Surge 🚀🔥
When the ETF news hit, ETH experienced a significant pump, soaring from its $3,000 lows to nearly $4,000. Bulls are rejoicing, but what’s next?
The Quiet Before the Storm? 🌪
ETH has been relatively calm for about two weeks now. But don’t be fooled—this silence might just be the calm before the storm. Brace yourself for the next big move!
Coin Opportunities 📈📈
As the ETH ETF goes live and the narrative gains momentum, other coins will ride the wave. Which ones? Let’s dive in:
$ETHFI 💸: Etherfi leads the liquid restaking (LRT) market with a whopping $6.5 billion Total Value Locked (TVL). It offers liquidity and staking rewards to users. Keep an eye on this gem!
$OMNI ✨: Omni enables developers to build applications that seamlessly access all of Ethereum’s liquidity and user base. A bridge to opportunity!
$ENA 🪙: Ethena Labs is the creator of USDe, a synthetic dollar on the Ethereum network. Innovative and promising!
Remember, newer coins often have smaller market caps, fresh narratives, and less overhead resistance.
Buckle up, traders and investors—this bullrun is just getting started! 🌟🔥
#EthereumETFApprovalExpectations #LRT #LST #EthereumETF
Ethereum’s Surge 🚀🔥
When the ETF news hit, ETH experienced a significant pump, soaring from its $3,000 lows to nearly $4,000. Bulls are rejoicing, but what’s next?
The Quiet Before the Storm? 🌪
ETH has been relatively calm for about two weeks now. But don’t be fooled—this silence might just be the calm before the storm. Brace yourself for the next big move!
Coin Opportunities 📈📈
As the ETH ETF goes live and the narrative gains momentum, other coins will ride the wave. Which ones? Let’s dive in:
$ETHFI 💸: Etherfi leads the liquid restaking (LRT) market with a whopping $6.5 billion Total Value Locked (TVL). It offers liquidity and staking rewards to users. Keep an eye on this gem!
$OMNI ✨: Omni enables developers to build applications that seamlessly access all of Ethereum’s liquidity and user base. A bridge to opportunity!
$ENA 🪙: Ethena Labs is the creator of USDe, a synthetic dollar on the Ethereum network. Innovative and promising!
Remember, newer coins often have smaller market caps, fresh narratives, and less overhead resistance.
Buckle up, traders and investors—this bullrun is just getting started! 🌟🔥
#EthereumETFApprovalExpectations #LRT #LST #EthereumETF
#Write2earn
Aave Supports Lido with New Deployment
#AAve #LIDO $AAVE $lido #LST
Aave has launched a Lido-focused deployment of Aave v3 to support recursive stETH borrowing, promoting the adoption of Lido’s stETH liquid staking token (LST).
Proposal Approval and Deployment
On June 20, the Aave community approved this initiative, emphasizing the profitable symbiotic growth between Aave and Lido. The deployment will support wETH and wstETH assets, with a borrowing cap for wETH set at 90%.
Statistics
Aave: 3rd largest DeFi protocol with a TVL of $12.3 billion (DeFi Llama).Lido: Largest LST with a TVL of $33.6 billion, accounting for 28.8% of staked Ether (Dune Analytics).AAVE price: Down 2.3% in the past 24 hours.LDO token: Up 3.2%.
Lido Alliance
Lido formed the Lido Alliance in mid-May to develop stETH infrastructure, attracting nearly $1.23 billion in ETH over the past 30 days. The alliance includes the Symbiotic protocol and Mellow, a liquid restaking protocol.
Aave on ZkSync Era
Aave’s community approved deploying Aave v3 on ZkSync Era, a Layer 2 network with a TVL of $1.38 billion, following ZkSync’s airdrop. This marks Aave’s eighth Ethereum scaling deployment and second on a zkEVM network.
Additional Proposals
Deploying GHO stablecoin on Arbitrum.Launching USDC.e pools on Gnosis Chain.Issuing 600,000 GHO to the Aave Liquidity Committee.
Aave Supports Lido with New Deployment
#AAve #LIDO $AAVE $lido #LST
Aave has launched a Lido-focused deployment of Aave v3 to support recursive stETH borrowing, promoting the adoption of Lido’s stETH liquid staking token (LST).
Proposal Approval and Deployment
On June 20, the Aave community approved this initiative, emphasizing the profitable symbiotic growth between Aave and Lido. The deployment will support wETH and wstETH assets, with a borrowing cap for wETH set at 90%.
Statistics
Aave: 3rd largest DeFi protocol with a TVL of $12.3 billion (DeFi Llama).Lido: Largest LST with a TVL of $33.6 billion, accounting for 28.8% of staked Ether (Dune Analytics).AAVE price: Down 2.3% in the past 24 hours.LDO token: Up 3.2%.
Lido Alliance
Lido formed the Lido Alliance in mid-May to develop stETH infrastructure, attracting nearly $1.23 billion in ETH over the past 30 days. The alliance includes the Symbiotic protocol and Mellow, a liquid restaking protocol.
Aave on ZkSync Era
Aave’s community approved deploying Aave v3 on ZkSync Era, a Layer 2 network with a TVL of $1.38 billion, following ZkSync’s airdrop. This marks Aave’s eighth Ethereum scaling deployment and second on a zkEVM network.
Additional Proposals
Deploying GHO stablecoin on Arbitrum.Launching USDC.e pools on Gnosis Chain.Issuing 600,000 GHO to the Aave Liquidity Committee.
