Ethereum

<ul><li>Liquid Staking Derivatives (LSDs) reshape Ethereum staking landscape, witnessing a remarkable 43.7% surge after the 2023 Shapella upgrade.</li><li>Total value Locked (TVL) in LSDFi protocols soars to impressive heights, reaching $919.3M by August 2023, spearheaded by Lybra and EigenLayer.</li><li>Frax&#39;s sfrxETH emerges as a leading performer in the world of LSDs, delivering an impressive average yield of 6.2%.</li></ul>In a significant development within the cryptocurrency realm, Liquid Staking Derivatives (LSDs) have emerged as a transformative force, reshaping the Ethereum staking landscape. As disclosed by the cryptp data aggregator CoinGecko,  in August 2023, these innovative protocols accounted for a significant 43.7% of the total 26.4 million ETH staked, indicating a remarkable surge in LSD staking.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/266b7cbb8b0a43879c07da60dda33502.png" />The <a href="https://ethereum.org/en/staking/" rel="noopener noreferrer nofollow">Ethereum</a> beacon chain initially introduced staking rewards for validators, but it required a substantial 32 ETH stake, effectively excluding smaller holders from participation. LSDs bridged this gap, enabling users to deposit assets and receive tokenized receipts, referred to as LSDs, which represent their stake. These LSDs could be traded, used as collateral for loans, and have been instrumental in the remarkable growth of Liquid Staking Derivatives Finance (LSDFi) protocols.Read full article at <a href="ptotale.org/lsds-reshape-ethereum-staking-landscape-a-43-7-surge-in-2023/" rel="noopener noreferrer nofollow">CryptoTale.</a>

LSDs Reshape Ethereum Staking Landscape: A 43.7% Surge in 2023

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