Aug 16 2024
What a month! Since our last update, ETH celebrated its 10th birthday, the US SEC approved spot ETH ETFs with over $1B traded on day one, and despite global market downturns decentralized finance saw some of its highest-volume trading days in history.
Read on to celebrate the month with your favorite liquid staking standard, announcing new Platforms in the ecosystem, a call-to-action to share your staking preferences, expert analysis of correlation across the ETH staking landscape, an invitation to join our breakfast table in Singapore, and more.
Liquid Collective's Latest
Take the Liquid Collective staking survey
In 2023, to help highlight what matters to stakers, Liquid Collective conducted a limited survey of staking participants. Liquid Collective is now collecting responses for the 2024 Staking Survey.
All staking participants are welcome to take the 5-question survey, sharing your preferences and priorities to help understand how the landscape has shifted over the last year and where it's heading.
Take the 2024 staking survey here, and send the link to your favorite stakers to help spread the word!
Alloy joins Liquid Collective’s ecosystem
Alloy, an institutional investment management platform for digital assets, joined the Liquid Collective ecosystem to offer LsETH minting and redeeming to its institutional clients, marking an expansion of the company’s ETH staking offerings. Alloy is one of the first portfolio management systems to integrate with Liquid Collective, providing a comprehensive platform for institutional investors to manage digital asset strategies, including LsETH.
Learn more in the Alloy announcement here.
“We’re very excited to offer LsETH as a Platform, making it easier for institutional asset managers to stake their Ethereum in a compliant and scalable manner. It’s something institutional investors have been seeking for quite a while now.”
FUD fighters: busting myths
Liquid staking may be the largest sector of the crypto ecosystem, but the technical nuances and previously niche audience means confusion still exists.
Can only institutions use LsETH? And is it just a big cover for staking with One Big Exchange? Are ETH network rewards received lower for liquid staking than traditional staking? We bust these myths and more, diving into six common misconceptions surrounding liquid staking tokens and Liquid Collective’s LsETH.
Read the post here.
ICYMI: Expert panel on correlation in ETH staking
Liquid Collective recently hosted a deep-dive into the landscape of correlation risk in Ethereum staking. The virtual panel brought together leading experts to discuss the importance of diversifying stake, mitigating slashing risk, and preserving network resilience, along with exploring how these dynamics may evolve with current proposals under discussion.
Watch the recording here.
LsETH Ecosystem Support Roundup
- Symbiotic, a generalized shared security protocol, added support for LsETH deposits.
- iYield, a crypto financial planning platform, launched support for LsETH tracking.
- DefiLlama added Liquid Collective tracking to its Fees & Revenue dashboard.
Events
Upcoming Conferences: To connect with the teams supporting Liquid Collective at an upcoming conference, contact us.
- Blockchain Wisdom People & Talent forum: Aug 28, Virtual
- Token 2049: Sept 18 - 19, Singapore
- Hot off the flat top: Join Liquid Collective members and ecosystem partners during Token2049 for a curated breakfast on Thursday, September 19, to build connections among staking industry leaders and investors in Marina Bay Sands. Register to attend the event here.
- The Staking Summit: Nov 8 - 9, Bangkok
- Devcon: Nov 12 - 15, Bangkok
- Emergence: Dec 5 - 6, Prague
News from the Collective & Ecosystem Updates
- The US SEC approved 9 spot ETH ETFs, with over $1 billion traded across nine products on the first day of trading. Read forward-looking analysis on ETF dynamics from Mara Schmiedt, CEO of Alluvial, here. Send your cousin Blackrock’s educational pitch here.
- Obol Collective announced Obol Contributions: “An opportunity for every staker to earn access to future governance and ownership in Obol while contributing to retroactive funding for projects that are scaling Ethereum infrastructure.” Learn more here.
- EigenLayer announced AVS Mainnet Rewards, Eigen Programmatic Incentives, Permissionless Token Support, and more. Read the announcements on EigenLayer’s blog here.
- Galaxy announced its acquisition of established node operator CryptoManufaktur, expanding their blockchain infrastructure offering. Read the announcement here.
- Witness Chain announced a Proof of Location testnet on EigenLayer, focused on proving the physical location of nodes. Learn more here.
- Anchorage Digital announced institutional custody support for Solana’s SPL token standard, citing rising demand. Read the announcement here.
- The Cryptonews Podcast hosted an episode with Evan Weiss, COO of Alluvial, for an episode exploring the intricacies of staking within the Ethereum ecosystem and the future of DeFi. As listener Ben said, “He's like a human interoperability layer between normal people and insanely technical products.” Watch the episode here.
Liquid Collective By The Numbers
- Total Supply ETH: 89,007.853 ETH + 1.13%
- Total Value Locked: $275,158,370 - 15.17%
- LsETH Conversion Rate: 1 LsETH = 1.05608 ETH + 0.30%
All data is accurate as of August 16, 2024. View real-time onchain data here on Dune. Percentage changes are from the July 15, 2024 edition of By The Numbers.