STETH – DIGIT INFO

Badgerdao Introduces a New Ether-Backed Synthetic Bitcoin Token

DIGIT — Tue, 26 Mar 2024 20:15:53 +0000

Badgerdao, in partnership with Lido, has unveiled eBTC, an ether-backed synthetic bitcoin token aimed at enhancing the decentralization and capital efficiency of borrowing bitcoin in the decentralized finance (defi) space. Badgerdao and Lido Forge Partnership to Launch eBTC Badgerdao, a decentralized autonomous organization (DAO) committed to integrating bitcoin (BTC) into defi, has announced the launch […]

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BTC and ETH Derivative Tokens Dominate by Securing Several Top Positions in the Crypto Economy

DIGIT — Sun, 17 Mar 2024 20:15:55 +0000

Throughout this month, bitcoin and ethereum have risen to their highest valuations in years. These two pivotal crypto assets have substantially influenced the cryptocurrency market, with bitcoin currently holding a 51.9% market dominance and ethereum at 17% as of mid-March 2024. Furthermore, in recent years, derivative tokens of bitcoin and ether have garnered significant popularity. […]

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LidoDAO launches official version of wstETH on Base

DIGIT — Wed, 08 Nov 2023 20:15:12 +0000

LidoDAO took control of the deployment for a wrapped version of its flagship token, stETH, on Base.

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9 protocols criticize LayerZero’s ‘wstETH’ token, claiming it’s ‘proprietary’

DIGIT — Fri, 27 Oct 2023 20:15:07 +0000

Connext, Chainsafe, Sygma, LiFi, Socket, Hashi, Across, Celer, and Router issued a joint statement criticizing the new token.

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Celsius adds nearly 429K stETH to Lido’s lengthening withdrawal queue

DIGIT — Wed, 17 May 2023 03:59:04 +0000

The bankrupt crypto lender wants its huge stash of staked Ether back, but it could be in for a wait.

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Celsius moves $781M in stETH just as Lido withdrawals open

DIGIT — Tue, 16 May 2023 03:48:00 +0000

The bankrupt crypto lender has been moving its massive stash of staked Ethereum.

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$500K worth of stETH redeemed in 3 hours as Lido enables withdrawals

DIGIT — Mon, 15 May 2023 21:51:36 +0000

Ethereum was upgraded to allow withdrawals on April 13, but Lido had not previously integrated with the new feature.

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Lido’s Staked Ethereum Token STETH Reaches $10.3B Market Capitalization, Ranks Ninth by Market Valuation

DIGIT — Mon, 20 Mar 2023 19:30:41 +0000

With the crypto economy experiencing significant gains over the past week and the price of ethereum rising 11.9%, the market capitalization of Lido’s staked ether has increased to $10.3 billion. This recent increase has propelled the token’s overall market valuation to the ninth-largest position, according to the crypto market capitalization aggregation website coingecko.com. Lido Finance’s […]

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Redemption and Reshuffling: BUSD’s Exit From Top 10 Cryptocurrencies Shakes Market Valuations

DIGIT — Mon, 06 Mar 2023 14:30:53 +0000

It has been 21 days since Paxos revealed that it would no longer mint the stablecoin BUSD. Since then, over 7 billion BUSD stablecoins have been redeemed. Prior to the announcement, BUSD was once a top-ten crypto asset. However, the top ten cryptocurrencies by market valuation have changed since the redemptions. Presently, there are only […]

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Lido’s Liquid Staking Protocol Dominates with $9.3B in Locked Ethereum, Boosted by Tron Founder’s Deposits

DIGIT — Thu, 02 Mar 2023 18:30:52 +0000

During the past 30 days, the total value locked (TVL) in Lido Finance’s liquid staking protocol increased by 10.57%, with 7.56% of the increase occurring within the last seven days. The protocol’s dominance in decentralized finance (defi) has also increased, with its TVL accounting for 19.08% of the $49.66 billion locked in defi today. While […]

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