Whales sell liquid staking tokens as Ethereum Shappella upgrade nears

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Liquid staking tokens surge 40% in seven days, Lido rises highest

Liquid staking derivatives tokens have increased by an average of over 40% in the last seven days, with Lido (LDO) rising the highest by over 64%, according to CryptoSlate’s data. Liquid staking platforms have enjoyed renewed interest following recent revelations that staked Ethereum could be unlocked as early as March when the network undergoes the…

Massive staked Ethereum withdrawals by whales allow arbitrageurs to profit

Lido (LDO) staked Ethereum (stETH) traded at a discount to Ethereum (ETH) on Curve after a whale removed 84,131 ETH ($101 million) from the protocol, allowing arbitrageurs to profit from the situation. Peckshield also reported that a whale withdrew 42,400 stETH from Aave. #PeckShieldAlert A Whale has withdrawn ~42.4k $stETH (~$50M) from Aave Protocol V2…

Lido and Idle DAO launch new risk-adjusted ETH 2.0 staking products

Lido, a multichain liquid staking solution, and Idle DAO, a decentralized organization building financial products for Web3, have partnered to launch a novel DeFi primitive. The newly launched stETH Perpetual Yield Tranches (PYTs) were designed to target the more risk-averse segment of the DeFi market, offering an APR ranging from 1.8% to 8%. Idle DAO…

Ethereum-based liquid staking solution Lido announces the integration of Chainlink Price Feeds

Ethereum‘s largest staking platform, Lido, recently announced adopting stETH/USD Chainlink Price Feed. stETH is the platform’s tokenized form of staked Ethereum, that combines the value of the staked deposit with staking rewards. The next wave of integrations for Lido’s staked asset “Lido is excited to announce that we are now sponsoring the first in a…