NewsletterOct 10, 2023

Stake it Up

Stake it Up
Summary
  • Liquid staking has emerged as a dominant sector in decentralized finance, with record-high total value locked.
  • Tokens like stETH and wstETH are becoming more established in the Ethereum DeFi ecosystem, with Aave holding a significant portion of these tokens.
  • The increasing supply of liquid staking tokens raises concerns about decentralization and the overall health of the Ethereum ecosystem.

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Liquid Staking Tokens Gain Traction in DeFi, Raising Decentralization Concerns | DePIN Hub