source ethereum.org

What’s up, everyone? Its Firoz back with another 🔥 article for you. Today, I’m going to talk about one of the most exciting events in crypto history that’s happening soon and how you could make a killing from it.

I’m talking about the Ethereum Shanghai Upgrade.

This is the first major upgrade of Ethereum since it switched from proof-of-work to proof-of-stake last year. It was supposed to happen this month, but it got delayed until April. But trust me, it’s worth the wait.

Why? Because this upgrade will make Ethereum faster, cheaper, and more scalable than ever before. And that means more opportunities for developers, users, and investors like you and me.

But here’s the thing: not all crypto projects will benefit from this upgrade equally. Some will thrive and some will die. That’s why you need to be smart and pick the right ones.

I’ve done my homework and I’ve found 5 crypto altcoins that are perfectly positioned to take advantage of the Ethereum Shanghai Upgrade. These are projects that use LSDs.

Let me explain why this upgrade is so important for LSDs.

You see, when Ethereum switched from proof-of-work to proof-of-stake, it changed the way the network runs. Instead of miners using their computers to process transactions and earn new tokens, validators stake their ETH to secure the network and get rewards.

To become a validator on Ethereum, you need to stake at least 32 ETH. That’s a lot of money for most people. And once you stake your ETH, you can’t touch it until the Shanghai Upgrade happens.

That means validators have been locking up their ETH since December 2020 when the Beacon Chain launched. This was the first step towards proof-of-stake. But they couldn’t withdraw their ETH or their rewards until now.

Now you might think this is bad news for Ethereum. You might think this will cause a lot of validators to sell their ETH and crash the price. But that’s not what I’m here to talk about. I’m here to tell you about something way more exciting and profitable.

I’m here to tell you about LSDs or Liquid Staking Derivatives. There are 5 LSD crypto altcoins that I think will soar after the Ethereum Shanghai Upgrade.

1. LIDO ($LDO)

Listen up, you need to pay attention to LDO right now. It’s the king of liquid staking on Ethereum and it’s crushing it with over $9 billion locked in its protocol. That’s insane!

But you know what’s even more insane? Its market cap is only $2.5 billion. That means LDO is massively undervalued and has a huge opportunity for growth.

If you don’t know what liquid staking is, go read my post where I explain how it works and why it’s the future of Defi.

Lido lets you stake any amount of ETH and earn passive income without locking up your tokens. You can use them for other Defi protocols or trade them anytime.

LDO is the governance token of Lido. It lets you vote on important decisions like fees, node operators, and new features. There are 1 billion LDO tokens and most of them are already circulating.

LDO is up over 300% since January 2023, but that’s nothing compared to what’s coming next. It’s listed on all the major exchanges, so don’t miss this chance to get in before it explodes.

LDO is a no-brainer 😉.

2. Rocket Pool ($RPL)

source rocketpool.net

Second up is Rocket Pool and it’s a game-changer for Ethereum staking.

Rocket Pool is a decentralized platform that lets anyone stake on ETH 2.0 without needing 32 ETH or running their own node. You can stake with as little as 0.01 ETH and join a pool of node operators who do the work for you.

When you stake on Rocket Pool, you get rETH, a liquid token that represents your staked ETH plus rewards. You can use your rETH for anything you want: trade it, lend it, borrow against it, whatever.

Rocket Pool has its own token called RPL and it’s super important. It’s used to incentivize node operators to keep their nodes online and secure. It’s also used for governance, so you can have a say in how Rocket Pool evolves.

Rocket Pool is undervalued right now. It has a market cap of $767 million and $1 billion locked in its protocol. That means RPL has a lot of room to grow.

RPL is available on all major exchanges.

If you want to stake on ETH 2.0 and get liquid tokens in return, Rocket Pool is the way to go.

Don’t miss this chance to get in early on Rocket Pool.

3. Stader ($SD)

Another one to watch. It’s called Stader and it’s a multichain liquid staking platform that works on Ethereum and other blockchains.

Stader is on a mission to bring 1 billion people to staking and DeFi. How? By making staking easy and profitable. You can stake your coins on Stader and get liquid tokens that you can use in other DeFi protocols. You can also earn extra rewards by participating in yield farming strategies.

Stader has its own token called SD and it’s a must-have for any crypto investor. SD is used for governance and value accrual on the Stader protocol. It’s also up 400% since January 2023.

Stader has a low market cap of $12 million and a high TVL of $117 million. That means SD is very undervalued right now.

But be careful, because only 7% of 150 million tokens are in circulation right now. The rest will be released over time.

$SD is listed on major exchagnes already.

If you want to stake your coins on multiple blockchains and get liquid tokens in return, Stader is the platform for you.

Don’t wait too long to get some SD. Stader is going to be huge

 

4. Frax Share ($FXS)

I’ve got another amazing token, it’s called Frax Share (FXS) and it’s the utility token of the Frax Protocol.

Frax Protocol is the world’s first fractional stablecoin. That means its token FRAX is not fully backed by collateral like USDC or DAI. It’s partially backed by collateral and partially stabilized by algorithms.

That makes FRAX more scalable and more decentralized than other stablecoins.

But we’re not here to talk about FRAX. We’re here to talk about FXS.

FXS is the non-stable, utility token of the Frax Protocol. It’s an ERC-20 token that has many uses.

You can use FXS for governance and vote on how the protocol works.

You can use FXS for minting and redeeming FRAX.

You can use FXS for staking and earning rewards from fees and seigniorage.

You can also use FXS for providing liquidity incentives and getting more tokens from pools and farms.

FXS has a $766 million market cap with an uncapped supply. But it also has over $1 billion worth of assets locked in its protocol. That means FXS is undervalued right now.

FXS is available on all major exchanges.

If you want to get exposure to the world’s first fractional stablecoin and earn passive income from staking and liquidity mining, FXS is the token for you.

Don’t miss this opportunity to get some FXS today

5. Bifrost ($BNC)

My last killer token in this article. It’s called Bifrost and it’s a web3 derivatives protocol that gives you liquidity for your staked assets.

Bifrost is a Polkadot-based protocol that lets you deposit your staking tokens and mint vTokens in return. vTokens are liquid tokens that represent your staked assets plus rewards.

You can use your vTokens for anything you want: trade them, lend them, borrow against them, whatever.

Bifrost has its own token called BNC and it’s a hidden gem. BNC is used for governance and value accrual on the Bifrost protocol. It’s also used for paying fees and receiving incentives.

BNC has a $7 million market cap and $41 million locked in its protocol. That means BNC is very undervalued right now.

But be careful, because only 25% of 80 million tokens are in circulation right now. The rest will be released over time.

BNC is listed on many well known exchanges.

If you want to get liquidity for your staked assets and access cross-chain opportunities on Polkadot, Bifrost is the protocol for you.

Don’t wait too long to get some BNC. Bifrost has potential.

Wrap it up!

Liquid staking is the future of DeFi. It lets you stake tokens and use them in other DeFi apps at the same time. You don’t have to lock up your tokens and lose liquidity. You can have your cake and eat it too.

Staking ETH used to be hard and risky. You needed a lot of money, skills, and hardware. You also didn’t know when you could get your tokens and rewards back.

But that’s about to change with the Ethereum Shanghai Upgrade. It will make unstaking ETH and accessing rewards possible. It will also boost the confidence in Ethereum and make it more secure and scalable.

This is great news for LSD protocols. They offer the most flexible and profitable solutions for staking ETH. They will explode in popularity when the Shanghai Upgrade happens.

In this article, we showed you 5 tokens that are ready to moon from the LSD hype. They have low market cap/TVL ratios, which means they are undervalued right now.

But don’t wait too long, because the Shanghai Upgrade is coming soon in early April. And if Bitcoin starts pumping again, these tokens will go to the moon.

Don’t miss this chance to get in on liquid staking before it’s too late.

#Ethereum #shanghaiupgrade #liquidstaking #crypto2023 #buildtogether

DeFi (Decentralized Finance) has been growing at an incredible pace, reaching over $200 billion in total value locked (TVL) in 2022. However, one area that is yet to be fully explored is the potential of staked assets in DeFi. Liquid staking has the potential to unlock a significant amount of capital, leading to more efficient and cost-effective DeFi protocols.

What is Liquid Staking?

Liquid staking refers to the process of turning staked assets into liquid assets that can be used in DeFi protocols. In other words, it allows users to retain the benefits of staking, such as earning rewards and participating in governance, while also being able to use their assets for other purposes, such as lending or trading.

The Benefits of Liquid Staking

Liquid staking can bring a range of benefits to both stakers and DeFi users. Stakers can earn rewards and participate in governance while also being able to access liquidity for other purposes. On the other hand, DeFi users can benefit from more liquid markets and access to a wider range of assets. Additionally, liquid staking can increase the security of the network, as it incentivizes more users to stake their assets.

The Challenges of Liquid Staking

While liquid staking has significant potential, there are also challenges that need to be addressed. One of the most significant challenges is the risk of slashing. Slashing is the penalty that stakers can receive if they act in a way that harms the network, such as double-signing or equivocating. If a staker's assets are locked up in a DeFi protocol, they may not be able to respond quickly enough to prevent being slashed.

The Future of Liquid Staking in DeFi

Despite the challenges, the potential of liquid staking is too significant to ignore. Several projects are already exploring liquid staking solutions, such as Lido and Stafi. Additionally, there are ongoing discussions in the Ethereum community about implementing a native liquid staking solution. As more users participate in staking, the need for liquid staking solutions will only increase, leading to a more vibrant and efficient DeFi ecosystem.

Liquid staking has the potential to revolutionize the DeFi ecosystem, unlocking a significant amount of capital and increasing the security of the network. While there are challenges to overcome, the potential benefits are too significant to ignore. As the industry continues to evolve, we can expect to see more innovation in the liquid staking space, leading to a more robust and efficient DeFi ecosystem.

#DeFi #liquidstaking #bicasso #BNB #Binance

A Liquidity Pool (LP) is a smart contract that contains funds. In the context of a Decentralized Exchange (DEX), it's a pool of tokens locked in a smart contract used to facilitate decentralized trading, lending, and other financial operations. In a liquidity pool, liquidity providers add funds to the pool and receive LP tokens in return.

These LP tokens can be used to claim their share of the pool, or to participate in governance decisions. The main advantage of a liquidity pool is that it doesn't rely on a traditional order book to derive market prices.

Instead, it uses a pricing algorithm which is often based on the ratio between the different assets in the pool. This model has its own benefits and risks. One of the main benefits is the potential for high returns from trading fees, but one of the main risks is impermanent loss, which can occur if the price of the tokens in the pool changes significantly.

#liquidity #liquidstaking #cryptocurrency

I'd love to know what you all think on this! When and how much if any effect do you think this will have on the $ETH price? In a Bullrun this would be pure rocket fuel! LMK!

#Ethereum #liquidstaking #crypto2023 #dyor

The world of digital assets is experiencing an unexpected surge. With expectations of the US Federal Reserve raising interest rates on Wednesday, the value of many altcoins surged rapidly. One of the most affected tokens was Origin Protocol's native token, OGN, which saw a 28% increase, pushing it above $0.12. However, OGN's rise is not coincidental. The increasing interest in Ethereum's liquid staking has been identified as the driving force behind this rally.

The liquid staking token finance (LSTfi) sector has seen significant growth since the recent Ethereum Shapella update, with platforms like Origin Ether (OETH) standing out as tools for collecting liquid staking rewards. In this article, we will take a closer look at the surge in OGN's value and the popularity of liquid staking.

Rapid Surge in OGN Value

OGN gained significant value amid expectations of interest rate changes. Surpassing other cryptocurrencies, it surged by 28% to go above $0.12. Despite no specific events or news related to Origin Protocol, OGN's sudden surge is remarkable. #liquidstaking #OETH

Rising Popularity of Liquid Staking

Following the Ethereum Shapella update, liquid staking gained considerable attention. The amount of staked ETH increased, and a new subsector called liquid staking token finance (LSTfi) expanded. Among the prominent platforms in this field, Origin Ether (OETH) offers a tool for collecting liquid staking rewards, resulting in over 84 million dollars' worth of assets being locked in a short period.

Origin Ether and DeFi Integration

Origin Ether (OETH) has successfully integrated itself into the DeFi ecosystem. Compatibility with significant DeFi dApps like Lido, Rocket Pool, and Frax has turned OETH into an easily accessible tool for users. These integrations further enhanced the potential of liquid staking. #OriginProtocol $OGN #OGN/USDT

In Summary:

The unexpected surge in OGN's value and the rising popularity of liquid staking signify an exciting period in the world of digital assets. Origin Protocol's OGN token has become one of the significant projects in the liquid staking space within DeFi, and the Ethereum ecosystem has played a crucial role in supporting the growth of liquid staking. These developments have the potential to bring forth new opportunities and transformations in the world of cryptocurrencies. #OGN