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BREAKING: Shanghai’s LSD upgrade unlocks $21.6 billion in DEFI TVL—Capital efficiency boosted, innovation surges! 🚀
bruh, LSDS is unlocking the ETH vault with Shanghai’s magic, turning it into $21.6 billion DEFI fuel 🚀
This development showcases the innovative evolution within the DEFI space: leveraging LSD derivatives to enhance liquidity and yield opportunities, ultimately driving growth and competition in the ecosystem
Liquid (LSD) derivatives are tokens representing marked crypto assets used in DEFI. LSDs ensure liquidity while earning staking rewards. They are popular in Ethereum, with a TVL of $21.6 billion. Transitioning to POS model via “staking” allows users to stake ETH for rewards, but it locks the marked ETH. LSD solves this by minting liquid tokens for use in DEFI protocols for extra yields.
Shanghai’s upgrade enhances LSDs by unlocking marked ETH, boosting capital efficiency. LSD adoption grows, encouraging innovation and competition in DEFI.
https://altcoin.observer/lsds-stimulates-the-growth-of-defi-with-a-post-shanghai-tvl-upgrade-of-21-6-billion/
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