Liquid Staking Tokens Are a Hot Ticket for 2024
The staking market was the brightest spot in DeFi this year. The arrival of liquid staking token finance is set to turbocharge activity next year.
The staking market was the brightest spot in DeFi this year. The arrival of liquid staking token finance is set to turbocharge activity next year.
“We are providing a gateway to staking without stepping in the middle or taking any revenue or profit,” founder Akbar Thobhani said.
Earlier this year, Ethereum staking was popular, particularly with Lido Finance’s rise to prominence in the DeFi space, but it is now facing challenges, suspicions, and resentment.
The move could help amp up investor interest in FLOKI tokens, which form part of the Floki DAO ecosystem.
The waiting time to deploy new validators to the Ethereum network has diminished to just five hours from a peak of 45 days in early June.
The increase in staking has reduced the appeal of ether from a yield perspective, the report said.
The EU and UK may both be contemplating new rules to cover crypto staking — as regulatory action in Switzerland and Singapore offers a cautionary tale.
An ether (ETH) staking benchmark could attract institutional investors into the Ethereum ecosystem and unlock a new wave of innovation.
The exchange is one of the largest players in ether staking after Lido Finance and Coinbase.
The launch comes as the staking landscape is dominated by centralized staking providers, which together hold more than 70% of the staked ether (ETH) supply.