Thanks to improvements made to Tezos’ reward issuance mechanism, which were brought on by the Paris Protocol update, you can now earn more on your XTZ when you stake with Kraken. Kraken is introducing Bonded staking for XTZ, which will allow XTZ holders to earn 12-16% APR on their coins. While Kraken has supported flexible […]
The post Staking rewards of 12-16% come to XTZ on Kraken appeared first on Kraken Blog.
Nansen's acquisition of StakeWithUs positions it as a comprehensive platform, enhancing its appeal to both retail and institutional investors.
The post Nansen acquires StakeWithUs, enables direct staking on its platform appeared first on Crypto Briefing.
The upgrade aims to enhance rewards for restakers.
Eigen Labs, the developer behind EigenLayer, deployed a “major update” to the restaking protocol aimed at “making native [Ether] restaking on EigenLayer easier and more rewarding,” according to a Sept. 4 blog post.
The upgrade is designed to improve the performance of so-called EigenPods — EigenLayer’s restaking smart contracts for Ether (ETH) staked on Ethereum’s Beacon Chain — by granting users greater flexibility in harvesting or reinvesting staking rewards.
“EigenPod users can now complete a checkpoint to restake their beacon chain ETH rewards on top of their existing EigenPod balance,” Eigen Labs said. “Beacon chain rewards are automatically restaked back into EigenLayer, enabling restakers to earn additional rewards.”
On Aug. 22, Bitcoin’s onchain transaction fees took off, soaring to more than 1,250 satoshis per virtual byte (sat/vB), which translated to over $105 per transfer at 8:45 a.m. EDT. However, by 9:40 a.m. EDT on Thursday, fees had dropped to 625 sat/vB or $53.26 per transaction. Bitcoin Miners Rejoice as Fees Hit $105 The […]
Stakers with Lido, Frax, Origin and Mantle can “restake” with the DeFi protocol.
Decentralized finance (DeFi) protocol YieldNest is launching a new liquid staking derivative (LSD) called ynLSDe designed to capture restaking yield from EigenLayer, according to an Aug. 21 announcement.
The token “will allow the holders of Ether staked with Lido, FRAX, Origin Protocol, or Mantle to earn additional yield… through restaking,” YieldNest said. Lido, FRAX, Origin, and Mantle are decentralized Ethereum staking platforms, each of which issues its own LSD.
Restaking involves taking Ether (ETH) that has already been staked — posted as collateral with a validator in exchange for rewards — on the Ethereum network and using it to secure other protocols simultaneously. The premise is that in exchange for taking on additional risk, restaking can considerably enhance rewards.
Onchain derivatives fuel DeFi’s resurgence, with daily volumes reaching $5 billion amid rising competition.
Following a relatively modest 2023, the decentralized finance (DeFi) market experienced a remarkable resurgence during the first half of 2024.
As of Aug. 16, the total value locked (TVL) within the ecosystem stands at $82.67 billion, up from $54.4 billion at the beginning of the year — representing a robust growth of 51.9%.
One of the primary drivers behind this substantial uptick has been the growing adoption of onchain derivatives. In fact, since the beginning of the year, the average daily trading volume for crypto derivatives has skyrocketed from $1.8 billion in 2023 to $5 billion.
The publicly traded cryptocurrency exchange Coinbase has announced its expansion into Hawaii, allowing residents to access a range of crypto services. The move comes after the state clarified its regulations, enabling Coinbase to offer its platform to Hawaiian users. Hawaii Residents Gain Access to Coinbase’s Full Suite of Crypto Tools Coinbase’s entry into the Hawaiian […]
The venture capitalist branch of the world’s largest crypto exchange platform by volume is announcing a new investment into a Solana (SOL) staking protocol. In a new blog post, Binance Labs says it’s investing an unspecified amount into Solayer, a Solana-based staking network that has gathered over $150 million in Total Value Locked (TVL) and […]
The post Binance Labs Announces New Investment in Solana (SOL) Staking Protocol appeared first on The Daily Hodl.
Jump Trading’s aggressive Ether sell-off, coinciding with Japan’s market crash, raises questions about its strategy and market exit.
Jump Trading’s recent transfer of hundreds of millions in Ether (ETH) has stirred debates and market speculations.
This aggressive unloading of assets preceded a historical stock market crash in Japan on Aug. 5, where the Nikkei 225 index plummeted 12.4%, losing 4,451 points, its largest points drop ever.
Jump Trading moved around $315 million in staked Ether to cryptocurrency exchanges recently, with major transfers occurring over the weekend.
Spot Ether ETFs were supposed to set the gold standard for ETH investing. Unfortunately, they still aren't allowed to offer staking.
Ignore the hopium. Staking isn’t coming to spot Ethereum (ETH) exchange-traded funds (ETFs) anytime soon — and probably not until United States regulators take a softer stance on crypto. That leaves retail investors with few options. For now, staking on a regulated spot exchange — such as Coinbase or Gemini — is a better choice.
Spot ETH ETFs — which finally listed on US exchanges in July — are supposed to set the gold standard for ETH investing. In many ways they did. High liquidity, low fees, robust investor protections, and easy accounting make a strong case for funds such as Grayscale Ethereum Mini Trust (ETH) and Franklin Templeton’s Franklin Ethereum ETF (EZET).
Unfortunately, without staking, investors seeking to maximize returns must look elsewhere.
