Ethereum’s Shanghai upgrade could supercharge liquid staking derivatives — Here’s how By Cointelegraph
1 min read
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The crypto market witnessed the DeFi summer of 2020, where decentralized finance applications like Compound and turned Ether (ETH) and (BTC) into yield-bearing assets via yield farming and liquidity mining rewards. The price of Ether nearly doubled to $490 as the total liquidity across decentralized finance (DeFi) protocols quickly surged to $10 billion.
Toward the end of 2020 and early 2021, the COVID-19-induced quantitative easing across global markets was in full effect, causing a mega-bull run that lasted almost a year. During this time, Ether’s price increased nearly ten times to a peak above $4,800.
has the lowest staking ratio compared to other L1 blockchains. Source: Staking Rewards
Lido DAO (LDO)
Source: Coingecko, Dune AnalyticsLDO 4-hour price chart. Source: TradingView
Rocket Pool (NASDAQ:) (RPL)
Ankr (ANKR)
Stakewise (SWISE)
Smart wallet holdings of SWISE tokens. Source: Nansen
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