Data shows a startling uptick in traders interacting with Ethereum LSDfi-focused platform, a potential sign of a growing DeFi revival.
ETH vs DeFi tokens price performance. Source: glassnode
Currently, leading lending protocols like Aave and Compound offer between 2-3% yields on lending stablecoins and ether. Moreover, DeFi protocols like Aave and Compound also come with smart contract risk which is eliminated with proof-of-stake validators. By the end of May, Ethereum users staked 21.63 million ETH worth $40.021 billion, representing 18% of Ethereum’s total supply.
A growing trend among Ethereum investors is interacting with LSD-fi or LSD financialization, which aims to put the liquidity offered by the LSD tokens to use in DeFi applications.Is LSDfi the solution?
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