Here’s why the growth of token staking could be bullish for Lido (LDO)

Liquid staking has grown in popularity over the past year thanks in part to the launch of the Ethereum beacon chain and the inability of ETH stakers to withdraw their tokens until the full launch of the consensus layer.  As a result, Lido (LDO) has established itself as a leader in the liquid staking sector. Lido is […]

Upcoming airdrop and boosted staking rewards send Origin Protocol (OGN) price higher

Stablecoin minting and nonfungible tokens (NFTs) have been the latest trending topics in the cryptocurrency market and protocols like Terra (LUNA) have led the discussion on why stablecoins should be backed by assets like Bitcoin and Avalanche (AVAX).  One project that appears to be following Terra’s lead is Origin Protocol (OGN), a platform focused on […]

Is Ethereum Staking Pool Lido’s Growth an Omen of Centralization?

As stETH has grown into a hugely popular DeFi primitive, or building block, more users have flocked to Lido. Although Lido started to see competition soon after it launched, it has dominated competitors, such as Rocketpool and Stkr, and now controls nearly 90% of the fast-growing liquid staking market. Source link

The many layers of crypto staking in the DeFi ecosystem

Staking has been used fluently to describe several actions within the world of crypto, from locking your tokens on a decentralized finance (DeFi) application or centralized exchange (CEX) to using tokens to run a validator node infrastructure on a proof-of-stake (PoS) network. PoS is one of the most popular mechanisms that allows blockchains to validate […]

The Right Tax Treatment of Staking Rewards Is Clear: Taxation Only After Sale

This treatment is intuitive with respect to created property. We paint pictures, grow crops, mine raw materials, process raw materials into useful commodities, write essays and engage in countless other creative processes, knowing and expecting that, should our creations actually have some monetary value, they are not taxed unless and until we sell them. Source […]

xASTRO staking and upcoming ‘Terra wars’ send Astroport price to new highs

Projects that launch on up-and-coming blockchain networks can often benefit from a low competition environment that allows them to attract  new users and liquidity at a faster rate than crowded networks like Ethereum.  A recent example of this is Astroport (ASTRO), an automated market maker (AMM) on the Terra (LUNA) network that has seen an […]

Opulous (OPUL) price soars after DeFi staking announcement, S-NFT sale and CEX listings

Non-profile picture (PFP) NFTs had been cooling down over the past few months but now that Bitcoin and Ethereum have turned bullish again, altcoins and NFT-focused tokens are beginning to follow. Music NFTs are one sector of the ecosystem that is showing bullish signs this week, and Opulous (OPUL) protocol was the breakout star of […]

UST staking goes live on Binance as Anchor reserves fall

On Wednesday, centralized cryptocurrency exchange Binance launched its new TerraUSD (UST) staking program. Although Binance did not name the underlying decentralized finance protocol responsible for the staking rewards, Do Kwon — Terra Luna’s (LUNA) co-founder — attributed the origins of the high yield to Terra’s flagship Anchor protocol.  Anchor rate is now available to 30M+ binance […]

Mysterious ETH 2.0 Staking Solution Author Claims No Pursuit of Glory

An anonymous blockchain industry participant going by the name heyheeyheeey recently dropped an Ethereum 2.0 (ETH 2.0) staking solution on Medium in Satoshi-like fashion. The pseudonymous character did not do it for the fame, according to his recent comments to Cointelegraph.  “The only thing that I’d like to clarify is that I wasn’t paid, but […]

ConsenSys Spins Up Staking Service in Anticipation of Ethereum 2.0

Ethereum development house ConsenSys is being backed by heavy hitters like Binance and Huobi to test its new “staking-as-a-service” offering, designed to make it easy for institutions to earn income from the next iteration of the second-largest public blockchain. Announced Tuesday, the Eth 2.0 staking pilot from ConsenSys Codefi includes Binance, Huobi Wallet, Matrixport, Crypto.com, […]