Rapid growth in DeFi-focused Ethereum liquid staking derivatives platforms raises eyebrows

Ether’s (ETH) DeFi activity has declined in the bear market and the sector faces further competition from Ethereum’s annual staking reward of 4%, according to Glassnode analysts. However, a DeFi narrative is building around liquid staking derivative (LSD) tokens that could revive Ethereum’s…#ethereum #defi #glassnode #usd #eth #defibluechips #uniswap #comp #shapella #rocketpool

Source: Reuters: Health - June 3, 2023 Category: Consumer Health News Source Type: news