The discount between Lido's staked ether token and ether has widened as the prospect of an Ethereum chain split draws demand for ETH. reports godbole17
As Ethereum nears the Merge, the long-awaited technological change in the way it processes transactions, traders are deploying strategies to profit from the event, and their actions are injecting volatility into related markets.staked ether and the price of ether widened to 4.5% , the most since late June, according to data from Dune Analytics.
The latter would have ETHPOW as a native token, and ETH holders stand to receive it for free. Traders holding derivatives tied to ether or other ether-related tokens like stETH won't receive it. StETH may come under pressure as"regular holders switch to ETH to gain upside on ETHPoW work," research firm Block Analiticathe door for traders looking to borrow ETH ahead of the Merge on concerns the increased borrowing demand for ether would expose the decentralized lending and borrowing platform to liquidity issues.$33 million worth of staked ether from Curve's stETH/ETH pool, according to Adam Cochran, the founder of crypto fund Cinneamhain Ventures.
"In a downward bear market, It is better to hold a spot [ether] than to hold a bond of the same face value," he said.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Value Locked in Lido Rises Prior to Ethereum’s Merge, LDO Token Jumps 23% Higher in 7 Days – Bitcoin NewsThe decentralized finance (defi) and liquid staking protocol Lido’s total value locked (TVL) jumped 6.34% this week ahead of TheMerge.
Read more »
Excitement rises as Olivia Wilde’s ‘Don’t Worry Darling’ arrives in VeniceThe Venice Film Festival is buzzing with anticipation for Olivia Wilde’s “Don’t Worry Darling,” which is having its world premiere Monday night on the Lido.
Read more »
Excitement rises as ‘Don’t Worry Darling’ arrives in VeniceVENICE, Italy (AP) — The Venice Film Festival is buzzing with anticipation for Olivia Wilde’s “Don’t Worry Darling,” which is having its world premiere Monday night on the Lido.
Read more »
Venice Film Festival: The best fashion on showCelebrities dressed to the nines have descended on the Venice Lido this week to attend the 79th installment of the city's annual film festival.
Read more »
‘Luxembourg, Luxembourg’ Filmmakers Issue Plea For Ukraine’s Families – VeniceThe Ukrainian cast and crew of Luxembourg, Luxembourg — premiering in the Horizons section of the Venice Film Festival — today used their Lido photo call as a powerful call for support of Ukraine&…
Read more »
Tilda Swinton On Playing Dual Roles In Joanna Hogg’s ‘The Eternal Daughter’ – VeniceTilda Swinton is back on the Lido, this time with director Joanna Hogg’s Venice competition title The Eternal Daughter. The ghost story charts the tale of a middle-aged daughter and her elderly mot…
Read more »