Liquid staking tokens (LSTs) represent staked tokens that can be used as collateral in lending protocols.
Liquid staking tokens Lido DAO, Rocket Pool, Stride and pStake Finance among others, have rallied in past 24 hours. The $3.96 billion market capitalization category has added 6%, while Bitcoin ranges below $67,000. Total value of assets locked in Liquid Staking exceeds $53 billion per DeFiLlama. Liquid staking tokens represent staked tokens that can be used as collateral in lending protocols.
Users lock their tokens on these platforms, contributing to their security and consensus mechanism and earn rewards. Tokens of the staking platforms can also be used as collateral in lending across the DeFi ecosystem. In the ongoing cycle, meme coins and Real World Asset tokenization are the leading narratives. However, news of the upcoming launch of ETH ETF. Bloomberg ETF analyst Eric Balchunas recently stated that July 2 is the likely date for ETF launch.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Epoch Times CFO Bill Guan charged in alleged $67 million global money laundering schemeThe Epoch Times is affiliated with the religious group Falun Gong, which opposes the Chinese Community Party and has supported former President Donald Trump.
Read more »
Epoch Times CFO Bill Guan charged in alleged $67 million global money laundering schemeThe Epoch Times is affiliated with the religious group Falun Gong, which opposes the Chinese Community Party and has supported former President Donald Trump.
Read more »
Epoch Times CFO Bill Guan is charged in alleged $67 million global money laundering schemeThe Epoch Times is affiliated with the religious group Falun Gong, which opposes the Chinese Community Party and has supported former President Donald Trump.
Read more »
Epoch Times Executive Charged in Alleged $67 Million Money Laundering SchemeWeidong Guan, a top executive of right-wing media company, The Epoch Times, was charged with heading a $67 million global money laundering scheme.
Read more »
Epoch Times CFO indicted for alleged $67 million crypto money laundering schemeThe arrested CFO allegedly managed a team that purchasing crime proceeds with cryptocurrencies to benefit the media company.
Read more »
DOJ charges Epoch Times CFO in $67 million money-laundering schemeThe Department of Justice has arrested and charged the CFO of right-wing media outlet The Epoch Times, a staunch supporter of former President Trump, with a scheme to launder $67 million.
Read more »