MultiversX Tracker is Live!

Can Ethereum drive the next crypto bull cycle through Liquid Staking Derivatives?

All Cryptocurrencies

by COINS NEWS 101 Views

Can Ethereum drive the next crypto bull cycle through Liquid Staking Derivatives?

Hey, folks!

The narrative is straightforward: There's a lot more ETH allocated to staking since the Shanghai Upgrade, which allowed withdrawal and I believe this says a lot about investors' sentiment in the long run.

About 20% of the circulating ETH supply has been locked in staking. I’m feeling bullish since this means that 20% of the ETH supply goes to making the network more secure, decentralized, and reducing real assets. Take a look here:

Ethereum Staking

Ethereum and its ecosystem will likely drive the next crypto bull cycle if this trend keeps growing. I'm currently positioned for this scenario with 35% of my portfolio in dynamic tracking, ETH, and another 13% in ancillary technology, Polygon, and Arbitrum in Layer 2.

Also, Lido and Rocket Pool for liquid staking derivatives. If you're interested in Liquid Staking, take a look at some LSTs like gETH, ankrETH, stETH, and rETH (just a few options on Ethereum). You can track lots of other LSTs across several chains in this link. (I'd appreciate other resources in the comments if you have some).

Some examples of ETH LSTs

So, I have some questions:

  1. Are you taking advantage of Liquid Staking Derivatives? If yes, do you have a favorite chain or LST?

  2. Do you think Ethereum can drive the next bull run?

submitted by /u/MakeItRelevant
[link] [comments]

Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments