• CoinGecko released an Ethereum Liquid Staking report citing the development in the ETH LSD sector.
• The report noted that since launch, the leading LSD provider saw withdrawals as high as 400,000 ETH.
• Moreover, the top 8 Ethereum LSDs have generated an average yield of 4.4% APY since January 2022.

Crypto data and analytics platform CoinGecko just released an Ethereum Liquid Staking report for 2023, comprising a detailed overview of Liquid Staking Derivatives (LSDs) after Ethereum’s Beacon chain launch in 2020. While ETH holders could stake their assets after the launch, a minimum of 32 ETH was mandatory to become a validator. Therefore, to encourage staking for individuals with smaller holdings, LSDs were introduced.

According to CoinGecko’s report, the Shapella upgrade enabling ETH withdrawals on April 12, observed outflows from major market players including Coinbase and Rocket Pool. Meanwhile, Lido, the leading LSD provider, consistently recorded daily net inflows of +18K ETH, reaching withdrawals as high as 400K ETH. As per data from Nansen, Coinbase, Binance, and Kraken have staked the most ETH with 2.3 million, 852,512, and 799,200, respectively, in ju…

The post CoinGecko’s Latest Report On Ethereum Liquid Staking Notes 4.4% APY appeared first on Coin Edition.

• CoinGecko released an Ethereum Liquid Staking report citing the development in the ETH LSD sector.
• The report noted that since launch, the leading LSD provider saw withdrawals as high as 400,000 ETH.
• Moreover, the top 8 Ethereum LSDs have generated an average yield of 4.4% APY since January 2022.

Crypto data and analytics platform CoinGecko just released an Ethereum Liquid Staking report for 2023, comprising a detailed overview of Liquid Staking Derivatives (LSDs) after Ethereum’s Beacon chain launch in 2020. While ETH holders could stake their assets after the launch, a minimum of 32 ETH was mandatory to become a validator. Therefore, to encourage staking for individuals with smaller holdings, LSDs were introduced.

According to CoinGecko’s report, the Shapella upgrade enabling ETH withdrawals on April 12, observed outflows from major market players including Coinbase and Rocket Pool. Meanwhile, Lido, the leading LSD provider, consistently recorded daily net inflows of +18K ETH, reaching withdrawals as high as 400K ETH. As per data from Nansen, Coinbase, Binance, and Kraken have staked the most ETH with 2.3 million, 852,512, and 799,200, respectively, in ju…

The post CoinGecko’s Latest Report On Ethereum Liquid Staking Notes 4.4% APY appeared first on Coin Edition.