Discover and read the best of Twitter Threads about #stETH
Most recents (20)
Pendle's #stETH (Dec 2027) pool
• Our new LSD pool in under 1 week
• Liquidity 'kissing $6M'
• 25.5% Boosted APY
• Maturity is 1667 days long and weighs 0 lbs
• Our new LSD pool in under 1 week
• Liquidity 'kissing $6M'
• 25.5% Boosted APY
• Maturity is 1667 days long and weighs 0 lbs
Turns out length does matter, ladies and gents 💦
A series of transactions gushed in over the weekend, including some rotations from LPs in the stETH (Dec 2025) pool thirsting for something longer in the newest long-dated stETH (Dec 2027) pool.
A series of transactions gushed in over the weekend, including some rotations from LPs in the stETH (Dec 2025) pool thirsting for something longer in the newest long-dated stETH (Dec 2027) pool.
One notable contributor was 0xa83, a long time supporter of ours who's slid another ~$2M into our new stETH addition.
🔗 debank.com/profile/0xa832…
🔗 debank.com/profile/0xa832…
🤔 THIS #CRYPTOCRASH WILL BE HUGE
🔸#Coinbase Jan '23 attestation missed and delayed
🔸Justin staked 150.000 #Eth and use stETH on DeFi
🔸SEC targeted #Paxos
🔸#Busd deplete mode on
🔸#crypto pumped on "security risk rumors"
🔸Vitalik Buterin missed
🔸#ETH2 Shanghai soon
🔻
🔸#Coinbase Jan '23 attestation missed and delayed
🔸Justin staked 150.000 #Eth and use stETH on DeFi
🔸SEC targeted #Paxos
🔸#Busd deplete mode on
🔸#crypto pumped on "security risk rumors"
🔸Vitalik Buterin missed
🔸#ETH2 Shanghai soon
🔻
The combination of @LidoFinance, @ObolNetwork, @eigenlayer will turn #stETH from a Liquid Staking Derivative into an Ethereum Security Fund (ESF).
We will see the first crypto-native ETF be created by combining LSD + MEV + DVT + Shared Security...
We will see the first crypto-native ETF be created by combining LSD + MEV + DVT + Shared Security...
1⃣
@LidoFinance offers liquid staking and begins to run @ObolNetwork DVT
2⃣
@ObolNetwork allows validators to maintain near-100% liveness by joining clusters of "active-active" groups without fear of double-signing or downtime
@LidoFinance offers liquid staking and begins to run @ObolNetwork DVT
2⃣
@ObolNetwork allows validators to maintain near-100% liveness by joining clusters of "active-active" groups without fear of double-signing or downtime
3⃣
@LidoFinance runs MEV Boost to increase staking rewards to stakers
4⃣
@LidoFinance running @ObolNetwork implements @eigenlayer, allowing multiple validators within a cluster to support and secure several middleware, L2 and side chain solutions... all at once.
@LidoFinance runs MEV Boost to increase staking rewards to stakers
4⃣
@LidoFinance running @ObolNetwork implements @eigenlayer, allowing multiple validators within a cluster to support and secure several middleware, L2 and side chain solutions... all at once.
1/N 近期围绕着 @CurveFinance 有两件事情：1. crvUSD据说将要在一月份上线；2. LSD war的主要战场。
2/N 对于协议来说，现金流最好的几个来源分别是：POS质押收入、稳定币借款费用、期货交易费用、域名售卖费用、NFT版权收入等，还有稍微差一点的就是借贷息差、期权费用、DEX交易费用等。
这也是为什么 @AaveAave 要做GHO，@CurveFinance 要做crvUSD：增加稳定的协议收入来源。
这也是为什么 @AaveAave 要做GHO，@CurveFinance 要做crvUSD：增加稳定的协议收入来源。
3/N 从机制上面看，curve的 LLAMMA非常创新，无清算模式可能吸引更多的资金进行杠杆，同时LLAMMA依赖于curve v2的预言机实现，并且会和curve v2的AMM池子进行交互，所以这是一个在Curve自己生态里面才能运行的稳定机制。
crvUSD的白皮书写的很糟糕，据说之后会再更新一个“通俗易懂”的版本。
crvUSD的白皮书写的很糟糕，据说之后会再更新一个“通俗易懂”的版本。
#9 @pendle_fi bringing fixed yield to DeFi yield, creating a yield market.
It allows users to tokenize & sell future yield.
In this thread
1. TLDR
2. How does the protocol works
3. Trading & farming opportunity
4. Interesting views on yield right now
5. Summary
It allows users to tokenize & sell future yield.
In this thread
1. TLDR
2. How does the protocol works
3. Trading & farming opportunity
4. Interesting views on yield right now
5. Summary
Pendle finance locks yield-bearing tokens into Princple Token (PT) and Yield Token (YT).
PT & YT can be traded via a custom V2 AMM. PT can be claimed upon mature date and YT can be claimed anytime
PT & YT can be traded via a custom V2 AMM. PT can be claimed upon mature date and YT can be claimed anytime
How does the protocol work
Using #stETH to explain
1. 2stETH staked in Lido.
2. Tokenised 2stETH into “2PTstETH” & “2YTstETH”
3. Redeem your 2stETH upon maturity date, or sell it on the market at a discount for liquidity
4. Claim your YT anytime, or sell the YT for liquidity
Using #stETH to explain
1. 2stETH staked in Lido.
2. Tokenised 2stETH into “2PTstETH” & “2YTstETH”
3. Redeem your 2stETH upon maturity date, or sell it on the market at a discount for liquidity
4. Claim your YT anytime, or sell the YT for liquidity
Ethereum will launch the "Shanghai Network Upgrade" in March 2023. What will be changed on @ethereum or, more generally, the #crypto ecosystem with this coming upgrade?
1) What is Shanghai Upgrade?
Conventionally, the upgrade of the @ethereum mainnet is named after the city, such as "London upgrade", "Paris upgrade", etc. The Shanghai upgrade will be another major update of @ethereum.
Conventionally, the upgrade of the @ethereum mainnet is named after the city, such as "London upgrade", "Paris upgrade", etc. The Shanghai upgrade will be another major update of @ethereum.
First, EIP 3540 will be introduced in the Shanghai upgrade will. EIP 3540 is an improved protocol designed to address changes in the Ethereum Virtual Machine Object Format (EOF) separating code from data, which is greatly beneficial to validators on the @ethereum network.
According to @DuneAnalytics, @LidoFinance accounts for nearly a third of all #ETH currently staked. Does this pose a centralization risk for @ethereum?
1) Advantages of @LidoFinance
How did @LidoFinance grow so fast and become the dominant force in the #eth staking? The answer lies in the good liquidity of #stETH in #DeFi protocols such as @CurveFinance, @AaveAave, and @MakerDAO.
How did @LidoFinance grow so fast and become the dominant force in the #eth staking? The answer lies in the good liquidity of #stETH in #DeFi protocols such as @CurveFinance, @AaveAave, and @MakerDAO.
$FXS saw a nearly 18% surge at one point in the past 24h following the expectation about its upcoming liquid staking protocol and $frxETH release.
What's in store for @fraxfinance and what the future holds: A 🧵
0/ 👇
What's in store for @fraxfinance and what the future holds: A 🧵
0/ 👇
1/ On its way to becoming a "decentralized central bank," @fraxfinance has shipped new innovations to the #crypto-verse.
And $frxETH, a liquid $ETH staking derivative to maximize staking yield and smoothen the @Ethereum staking process, is the latest one to come to life.
And $frxETH, a liquid $ETH staking derivative to maximize staking yield and smoothen the @Ethereum staking process, is the latest one to come to life.
2/ $frxETH acts as an $ETH-pegged #stablecoin, but the peg will be "soft" at first and become "tight" after Shanghai withdrawals, according to @samkazemian:
As frxETH can be exchanged 1:1 with ETH, the amount of frxETH in circulation must be equal to the
As frxETH can be exchanged 1:1 with ETH, the amount of frxETH in circulation must be equal to the
[THREAD]🧵
Aujourd'hui, nous allons découvrir ensemble le projet Rocket Pool, (deuxième plus gros protocole de staking décentralisée) et sa mise à jour #Redstone !
Qu'est ce que @Rocket_Pool et qu'est ce qu'apporte cette mise à jour ? 👇
Aujourd'hui, nous allons découvrir ensemble le projet Rocket Pool, (deuxième plus gros protocole de staking décentralisée) et sa mise à jour #Redstone !
Qu'est ce que @Rocket_Pool et qu'est ce qu'apporte cette mise à jour ? 👇
@Rocket_Pool Rocket Pool est une solution de staking décentralisée permettant à quiconque de participer et de tirer profit du staking sur la Beacon Chain.
Son premier concurrent est @LidoFinance avec son #stETH.
Mais, il existe d'importantes différences de fonctionnements entre les deux :
Son premier concurrent est @LidoFinance avec son #stETH.
Mais, il existe d'importantes différences de fonctionnements entre les deux :
@Rocket_Pool @LidoFinance Avec Rocket Pool, une personne peut staker seulement 16 ETH pour opérer un nœud.
Cependant, il devra aussi bloquer des RPL, une sorte de gage de bonne foi. S'ils ne l'est pas, il encoure des sanctions sur ses #RPL
RPL étant le token de gouvernance.
Cependant, il devra aussi bloquer des RPL, une sorte de gage de bonne foi. S'ils ne l'est pas, il encoure des sanctions sur ses #RPL
RPL étant le token de gouvernance.
1/ I’VE BEEN THINKING, while doing yard work, abt the #crypto crash & Fathers’ Day. They both relate to one of the biggest lessons my late dad taught me, which came from my grandpa (an 8th grade educated Iowa farmer who had a PhD in common sense). He scoffed at “paper wealth.”
2/ For context, my dad—his oldest child—was born just days after the 1929 stock mkt crash. Grandpa watched as some neighbors, who had leveraged their farms to play the roaring ‘20s stock mkt, lost them in the crash. Grandpa died before I was born but Dad passed his wisdom to me.
3/ That paternal nugget of common sense influenced my studies of finance & economics in school, in work, in reading history & in my journey of studying the whole range of economic schools of thought after the 2008 financial crisis. Applying it to today, what Grandpa observed…
a lot of stablecoin depeg in last 2 months #Crypto
Don't forget about other crypto who's depeg also, such as #stETH
• Cenário macroeconômico deteriorado
• Aperto monetário ao redor do mundo
• Plataformas de empréstimo cripto insolventes
• Fundos alavancados correndo risco de liquidação
Entenda os principais motivos que fizeram as Criptos caírem tanto essa semana 👇
• Aperto monetário ao redor do mundo
• Plataformas de empréstimo cripto insolventes
• Fundos alavancados correndo risco de liquidação
Entenda os principais motivos que fizeram as Criptos caírem tanto essa semana 👇
Desde a última sexta-feira o sentimento entre os investidores já havia ficado bastante pessimista com a divulgação da inflação americana acima do esperado, atingindo o patamar de 8,6% nos últimos 12 meses.
infomoney.com.br/mercados/cpi-e…
infomoney.com.br/mercados/cpi-e…
Com isso o mercado passou a precificar correta e antecipadamente um aumento nas taxas de juros em 0,75% pelo FED, e não os 0,50% sinalizados antes.
Essa é a maior elevação desde 1994, devendo chegar a 3,4% ao final do ano segundo projeções do FOMC.
cnnbrasil.com.br/business/fed-e…
Essa é a maior elevação desde 1994, devendo chegar a 3,4% ao final do ano segundo projeções do FOMC.
cnnbrasil.com.br/business/fed-e…
Just published my latest deep dive for @KaikoData looking at the lack of stETH liquidity right now and the trouble that's causing the likes of Celsius.
I also looked at the avenues Celsius and others might be going down as we speak with their stETH
Time for a thread 🧵👇
I also looked at the avenues Celsius and others might be going down as we speak with their stETH
Time for a thread 🧵👇
1) stETH, Lido's liquid token for staked ETH, is at the heart of the liq problems for Celsius, 3AC and others.
Due to a persistent discount relative to #ETH, these entities face large losses if they redeem stETH.
Trouble is, client withdrawals are forcing their hands
Due to a persistent discount relative to #ETH, these entities face large losses if they redeem stETH.
Trouble is, client withdrawals are forcing their hands
2) A rush to swap stETH for ETH has led to a lack of liquidity left in the Curve pool for the pair.
Below is the comparison for the liquidity of the Curve pool a month ago vs now.
Over half the ETH in the pool has been drained and total USD liquidity has fallen by over $1bn.
Below is the comparison for the liquidity of the Curve pool a month ago vs now.
Over half the ETH in the pool has been drained and total USD liquidity has fallen by over $1bn.
A detailed thread about the whole #Celsius #Network scenario. 🧵
Worth your time! ⌛️❣️
"@CelsiusNetwork Don't let people suffer. I request you!"
Worth your time! ⌛️❣️
"@CelsiusNetwork Don't let people suffer. I request you!"
Celsius operates just a #DeFi platform (unregulated bank) like any other where people can deposit their cryptos for some mouth watering returns. 🫶
Now you may wonder how Celsius is able to produce these returns to give you. They use your money to leverage into positions on other protocols. These leveraged positions are auto-cut at lose if & after a particular token dumps by certain % which increases the overall risk. 😶
当你盯着别人的年化，别人却盯着你的本金
if dont know where the yield come from, then you are the yield.
@CelsiusNetwork 这次暴雷是大环境下必然的偶然。这个估值曾高达 $ 4.1b 的公司从传闻到暴雷不过几天时间，影响之大只有不久前的 @terra_money 能相提并论。
爆雷因果并不复杂。。。🧵
if dont know where the yield come from, then you are the yield.
@CelsiusNetwork 这次暴雷是大环境下必然的偶然。这个估值曾高达 $ 4.1b 的公司从传闻到暴雷不过几天时间，影响之大只有不久前的 @terra_money 能相提并论。
爆雷因果并不复杂。。。🧵
首先，什么是 @CelsiusNetwork ？这是一个中心化的借贷平台，允许用户存入资产并获得高达超过20%的年化。为了保持高收益，celsius采取了相当激进的投资策略。其中包括针对 $ust 的投资和在 @BadgerDAO 上进行流动性挖矿。两者都因平台爆雷而造成损失，而 $ust 的爆雷最终引爆了这次大危机。。。🧵
5月底的机构报告称 @CelsiusNetwork 是luna爆雷中遭受损失的7大巨鲸之一，进而引起市场信心动摇，开始不断有用户要求取出本金。
这时问题开始出现，因为celsius有相当部分的用户的 #eth 存款被用于购买了 #stETH，从而获得收益以支付承诺用户的利息。。。🧵
这时问题开始出现，因为celsius有相当部分的用户的 #eth 存款被用于购买了 #stETH，从而获得收益以支付承诺用户的利息。。。🧵
🚨 ¿Qué está pasando con #Bitcoin y #ETH y por qué creo que SEGUIREMOS CAYENDO? 🚨
Aquí te lo explico: 👇🏼 🧵
Psst... Si quieres la versión corta, ve al tweet 9/ de este hilo
Aquí te lo explico: 👇🏼 🧵
Psst... Si quieres la versión corta, ve al tweet 9/ de este hilo
1/ Si me sigues desde algún tiempo, sabrás que no suelo ser pesimista, pero la realidad actual es que estamos ante un posible problema grave.
小白也能听懂的-什么是STETH脱锚
第一步，#ETH2.0 升级，就是（Lido）建了一个池子，在里面存入ETH就可以mint STETH
第二步，建一个ETH混合STETH的DEX。可以用ETH换STETH，或者用STETH换ETH。
第三步，#AAVE 可以用 #ETH 和 #STETH 相互借贷。
第一步，#ETH2.0 升级，就是（Lido）建了一个池子，在里面存入ETH就可以mint STETH
第二步，建一个ETH混合STETH的DEX。可以用ETH换STETH，或者用STETH换ETH。
第三步，#AAVE 可以用 #ETH 和 #STETH 相互借贷。
目前场内有这样四种玩家，
1、正常升级的
2、循环借贷的
3、爆仓抛售的
4、清算借贷的
1、正常升级的
2、循环借贷的
3、爆仓抛售的
4、清算借贷的
Why is #ETH dumping? 🫤
Something is not right with Ethereum recently!
Why has #ETHEREUM taken maximum hit after #LUNA crash amongst Large Cap Coins? 😵💫
Let's find out the top 3 reasons in this #Thread! 🔍
#Price #Predictions on last thread! 📈
Something is not right with Ethereum recently!
Why has #ETHEREUM taken maximum hit after #LUNA crash amongst Large Cap Coins? 😵💫
Let's find out the top 3 reasons in this #Thread! 🔍
#Price #Predictions on last thread! 📈
🚩#stETH 脱锚与 #以太坊PoS 中心化问题
（1） stETH与ETH的单向兑换
stETH由ETH1:1铸造，但兑换是单向，1stETH并不能兑换回ETH。因此，stETH更像是一个远期合约，而交割日期就是以太坊Merge后信标连上的ETH开放赎回之日。
因此在早期，stETH价格是低于ETH且波动的。
dune.com/dataalways/stE…
（1） stETH与ETH的单向兑换
stETH由ETH1:1铸造，但兑换是单向，1stETH并不能兑换回ETH。因此，stETH更像是一个远期合约，而交割日期就是以太坊Merge后信标连上的ETH开放赎回之日。
因此在早期，stETH价格是低于ETH且波动的。
dune.com/dataalways/stE…
（2）但是，为什么后来stETH/ETH能长时间维持在1:1
stETH官方@LidoFinance通过年化4%吸引用户前来Stake。同时，Lido通过各种二级市场方式（包括作为MakerDAO抵押物、上线Uniswap、上线Curve、上线AAVE、上线FTX交易所），为stETH尽可能提供流动性并使stETH/ETH基本锚定1。
这也促使资金不断涌入Lido
stETH官方@LidoFinance通过年化4%吸引用户前来Stake。同时，Lido通过各种二级市场方式（包括作为MakerDAO抵押物、上线Uniswap、上线Curve、上线AAVE、上线FTX交易所），为stETH尽可能提供流动性并使stETH/ETH基本锚定1。
这也促使资金不断涌入Lido
（3.1）近期，以太坊社区对PoS中心化的打击，会影响stETH的价格
目前，LIDO拥有超过30%的ETH Stake份额，这造成了ETH PoS网络的高度中心化，并可能带来治理攻击问题。
随着merge的临近，社区不断有人提出stETH的中心化问题，包括交易所stake也存在同样的问题。
research.lido.fi/t/should-lido-…
目前，LIDO拥有超过30%的ETH Stake份额，这造成了ETH PoS网络的高度中心化，并可能带来治理攻击问题。
随着merge的临近，社区不断有人提出stETH的中心化问题，包括交易所stake也存在同样的问题。
research.lido.fi/t/should-lido-…
Quick thread on @CryptoEQ Fundamental Ratings as we get TONS of questions around them.... especially in a bull market when XYZ coin is pumping and outpacing #BTC and #ETH
We list ~50 crypto assets but only have a Fundamental rating on ~30. Why so few?
Because that's all that ACTUALLY matters in the #crypto ecosystem.
And, if we're being honest, probably just 15 but we feel a bit obligated to cover the crap/scam coins in the top 30 as warnings
Because that's all that ACTUALLY matters in the #crypto ecosystem.
And, if we're being honest, probably just 15 but we feel a bit obligated to cover the crap/scam coins in the top 30 as warnings
The top ~15 assets make up ~90% of the market cap.
With ~5 of those being #stablecoins and 2 are wrapped assets (#stETH and #WBTC)
So, by and large, we may seem selective but we cover 90%+ of the MC and 99%+ of what is actually legitimate, innovative, or intriguing.
With ~5 of those being #stablecoins and 2 are wrapped assets (#stETH and #WBTC)
So, by and large, we may seem selective but we cover 90%+ of the MC and 99%+ of what is actually legitimate, innovative, or intriguing.
