Ethereum Liquid Staking Update by Kopremesis
Welcome to the Ethereum Liquid Staking Update by Kopremesis! This is an aggregation of updates, stats, and news on all things Ethereum Liquid Staking. Data and news are gathered throughout the week and posted every Sunday.
The Percentage of $ETH staked went up 1.30% over the last 6 weeks (0.216% per week) to 21.94%
$ETH Staking Validator Queues
- The validator entry queue is now 20.95 days long and got 15.55 days shorter over 6 weeks (2.6 days per week)
- Inflows are still continuously good
- No exit queue since like forever
Lido Finance eating most of the pie with a 32.33% market share
- Staking Pools are still quite strong
- Exchanges continue to go down
- Over the last 6 weeks the same trend is intact
Lido and staking pools are the only participants that grew in market share
Onto LSDfi
TVL is down 113.23 mm to 643.67mm
- Prisma (35.6 mm TVL) and EigenLayer (163 mm TVL) are not included here, so take that into account
LSD backed stablecoins are still by far the leaders of LSDfi
- I think Prisma will get a lot of market share over time
- It will also be interesting to see how Lybra Finance will perform with their V2 launch
Most projects bled TVL over the last month
- Outliers are Lybra, Pendle and crvUSD
LSTs dominate with 88.6% market share combined
News and updates of the past month
This will only be the most important ones this time!
- Puffer Finance raised $5.5M in their seed round!
- EigenLayer raised their caps that got filled super quick again
- Prisma launched and on the same day filled their debt cap in 8 hours!
- Stader Labs introduced their restaking token $rsETH on their testnet.
- Parallax concluded their IDO
- Lybra Finance V2 went live!
TOP LSD-Threads over the last 6 weeks
- Good read on the long term developments in the LSD landscape.
- Good read on Ion Protocol. Looks like a promising project that I want to dig deeper into.
- Check out Eureka, it’s superb research for free!
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