HomeUncategorizedEthereum is about to get crushed by liquid staking tokens By Cointelegraph

Ethereum is about to get crushed by liquid staking tokens By Cointelegraph

July 31, 2023

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Before we know it, liquid staking tokens (LSTs) are going to replace Ethereum’s native cryptocurrency, Ether (ETH). The LST market is already worth approximately $17 billion, and it has grown continuously since Ethereum’s Merge.

While LSTs are just beginning to hit their stride, their advantages over traditional ETH will soon become clear to liquidity providers (LPs), toppling ETH from its throne and ushering in a new era of LST domination.

ETH staked on Swell as of July 30, 2023. Source: DeFiLlama
Bob Baxley is a core builder for the Maverick Protocol. He worked previously for Apple (NASDAQ:) as a senior manager of design and product management and as a director of design for Yahoo. He holds an undergraduate degree from the University of Texas at Austin and a master’s degree from Stanford University.

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© Reuters

Before we know it, liquid staking tokens (LSTs) are going to replace Ethereum’s native cryptocurrency, Ether (ETH). The LST market is already worth approximately $17 billion, and it has grown continuously since Ethereum’s Merge.

While LSTs are just beginning to hit their stride, their advantages over traditional ETH will soon become clear to liquidity providers (LPs), toppling ETH from its throne and ushering in a new era of LST domination.

ETH staked on Swell as of July 30, 2023. Source: DeFiLlama
Bob Baxley is a core builder for the Maverick Protocol. He worked previously for Apple (NASDAQ:) as a senior manager of design and product management and as a director of design for Yahoo. He holds an undergraduate degree from the University of Texas at Austin and a master’s degree from Stanford University.

Continue Reading on Coin Telegraph

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