Tag: Staking

Staking for decentralized oracle network Chainlink is now live on Ethereum for early access users, which is one of the most highly anticipated events for its network. After being open fully on Dec. 8, holders of its native token LINK will be able to contribute to the network’s security and receive appropriate rewards. Previously, Chainlink…

Crypto-staking platform Freeway, which touted up to 43% annual rewards, halted withdrawals and deposits on its platform on Oct. 23, citing market volatility. The platform also deleted its team details, which allegedly hints at a rug pull, according to FatManTerra. As a result, the platform’s native token FWT was down more than 70% over the…

Coinbase announced it will launch its own liquid staking token, titled cbETH, which users can get in exchange for ETH that Coinbase will stake on the proof-of-stake version of Ethereum. Ahead of Ethereum’s Merge, the exchange aims to diversify the liquid staking market, which is currently single dominated by the Lido protocol.  On August 24,…

In anticipation of the Merge, Ether’s price has surged, and the higher yields foreseen by derivatives traders would further enrich the Ethereum ecosystem. Ethereum’s Merge seems poised to make staking the blockchain’s ETH tokens more rewarding than ever, derivatives traders believe. Yields are seen jumping to 8% from around 4% now, according to interest-rate swap…

Ethereum on exchanges hit a four-year low alongside steady inflows into the network’s staking contract ahead of The Merge. The market cap of the second-largest cryptocurrency has rallied by more than 34.5% over the past week, reaching nearly $199 billion. On July 21, Ethereum (ETH) held on exchanges hit a 4-year low following record staking…

After Ethereum’s price declined above 78% since November’s all-time high, just 17% of Ethereum 2.0 stakers are currently in profit, the Glassnode report revealed. Also, the number of deposits into the Ethereum 2.0 contract has fallen in the last few months. According to the latest report from blockchain analytics firm Glassnode, Ethereum 2.0 stakers are…