September 10, 2023

Ethereum Liquid Staking Update by Kopremesis

The Percentage of $ETH staked went up 0.13% over the last week to 22.07%

$ETH Staking Validator Queues

• The validator entry queue is now 16.79 days long and got 4.16 days shorter, that is more than we had on average
• At that pace, we would have no entry queue in a little over 4 weeks
• Short exit queue (will be gone when you read this)

Figment the only entity with growth in terms of market share this week

Staking Pools gaining more and more share (13.8 %)

• CEX dominance down to 19%
• LSD dominance is at 37.5 % currently


Onto LSDfi

TVL is down 254.4m to 389.27m

1. Prisma (37.66 mm TVL) and EigenLayer (232.7 mm TVL) are not included here


LSD backed stablecoins are the sector leaders

2. Only Asymetrix had significant inflows this week


Lybra Finance had insane outflows

3. Seems like Prisma is going to eat their lunch


News and updates of the week

• Rocket Pool updates.
• Prisma introduced a point system. Vaults are currently full, keep an eye on them.
• Raman Finance testnet in 24 hours
• Arrakis Finance LST vaults
• unshETH’s Project Sentience and emissions reduced by 60%
• Astrid Finance (restaking protocol) launched their testnet
• SharedStake got exploited
• Lybra Finance & LayerZero integration

LSD Threads of the Week

• Great thread on EigenLayer

• Good read on Puffer Finance

• How much will the Eigen airdrop be worth?

• Another great thread from @StableScarab

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