Grayscale launches Lido, Optimism investment funds

December 12, 2024 Coin Telegraph

The new funds add to Grayscale’s expanding suite of single-asset crypto products.

Grayscale Investments launched two new investment funds for Lido and Optimism’s governance tokens, LDO (LDO) and OP (OP), the asset manager said on Dec. 12.

Grayscale Lido DAO Trust and Grayscale Optimism Trust offer exposure to the native tokens of Ethereum’s largest liquid staking token (LST) protocol and one of its most popular layer-2 (L2) scaling solutions, respectively.

“Lido is helping to democratize staking on Ethereum, and Optimism is critical in allowing Ethereum to scale to compete with newer, faster layer 1 blockchains,“ Rayhaneh Sharif-Askary, Grayscale’s head of product and research, said in a statement.

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Trump’s Meme Coin Mania: $4B Valuation Propels Presidential Crypto to Center Stage

Can DAOs Be Sued? Insights From Lido’s Recent Case

November 27, 2024 Bitcoin.com

bitcoin.com

According to a recent decision from the US District Court for the Northern District of California, decentralized autonomous organizations, or DAOs, may not provide the liability protection the industry once thought. In a seminal case, a Federal Court in California ruled that, despite the governing body being a DAO, several prominent investment firms may in […]

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California Court Rules That Ethereum Liquid Staking Solution Lido To Be Treated As Legal Entity

November 19, 2024 The Daily Hodl

Blockchain

A recent ruling from a California court has implications for decentralized autonomous organizations (DAOs), especially those involved in Ethereum (ETH) liquid staking. A California court ruled today that Lido DAO, which manages the Lido liquid staking protocol, is classified as a general partnership under California law, meaning its members could be held legally liable for […]

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Ethereum Liquid Staking Hits 14M ETH Milestone, Adding 1.77M in 2024

September 29, 2024 Bitcoin.com

Binance

According to recent data, more than 14 million ether (ETH) is now locked in liquid staking derivatives (LSD) protocols. Over the past 12 days, the amount of ETH deposited into these platforms nudged upward by 0.643%, bringing the total to 14.08 million ETH. Ethereum Liquid Staking Surges to 14M Ether, 90,000 Added in 12 Days […]

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Liquid Staking Absorbs 400,000 ETH, Closing in on 14M Mark

September 17, 2024 Bitcoin.com

Binance

According to the latest figures, over the past 38 days, starting from Aug. 10, 2024, the total value locked in decentralized finance (defi) protocols has slipped by $5.07 billion. Despite this decrease, ethereum continues to pour into liquid staking derivative (LSD) platforms, with 29 distinct LSDs pulling in nearly $1 billion worth of ether during […]

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Aave, Sky float partnership to bridge DeFi, TradFi

September 3, 2024 Coin Telegraph

Aave

The plan would create markets for DAI-replacement USDS on Aave.

Decentralized finance (DeFi) protocols Aave and Sky (previously Maker) are exploring a partnership designed to “close the gap between DeFi and TradFi,” according to a Sept. 2 announcement.

The proposed partnership, referred to as the Sky Aave Force, follows a Sept. 2 governance proposal by Phoenix Labs, a DeFi research and development organization. The proposal suggests issuing SPK tokens—native to Sky’s subDAO, Spark—to help establish a market for USDS, a stablecoin launched after Maker’s August rebranding to Sky.

“Sky Aave Force has an ambitious goal: to drive mass adoption and close the gap between DeFi and TradFi. Now is the time to work together,” said Aave Labs, the developer behind the Aave DeFi lending platform.

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110,000 Ether Pours into Liquid Staking Platforms, Boosting Defi Holdings

August 19, 2024 Bitcoin.com

Binance

Based on the latest data, liquid staking platforms have experienced another uptick in deposited ether over the past week. Within this timeframe, 110,000 ether, valued at $292 million, has flowed into these decentralized finance (defi) protocols. Binance’s Big Move: 88% of 110,000 ETH Inflow Flowed Into Staked Ether Protocol Liquid staking protocols continue to attract […]

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150,000 Ether Floods Liquid Staking Platforms in 27 Days

August 11, 2024 Bitcoin.com

Binance

In the last 27 days, ether liquid staking derivatives have experienced an influx of 150,000 ETH, valued at $390 million, flowing into various protocols. Notably, since July 14, 100,000 ETH made its way to Lido, the world’s leading liquid staking platform by market share. Ethereum Liquid Staking Spikes to 13.59 Million Ether, Lido Nears 10 […]

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Decentralized Finance TVL Recovers to $100B After July Lows

July 22, 2024 Bitcoin.com

Decentralized Finance TVL Recovers to 0B After July Lows

Aave

Between June 19 and July 19, within a 30-day period, the total value locked (TVL) in decentralized finance (defi) dropped below the $100 billion mark, hitting a low of $86.3 billion on July 7, 2024. Over the past three days, however, the TVL has managed to stay above the $100 billion threshold. Lido Leads Defi […]

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290,000 ETH Added to Liquid Staking Protocols Ahead of Spot ETF Launch

July 14, 2024 Bitcoin.com

Binance

According to data, liquid staking protocols accumulated an additional 290,000 ether in the past 46 days. This increase raised the proportion of ETH in liquid staking protocols by 0.24%, bringing the total to 11.18% of Ethereum’s 120.2 million circulating supply. Shift in Liquid Staking: Swell Drops, Frax Ether Moves Up At the time of writing, […]

Lido

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