It could be argued that the utility of these liquid staking protocols would be reduced as the upgrade date approaches, the note said. The counterargument is that the utility of these protocols is not limited to only providing liquidity, but also acting as an intermediary for retail investors who would otherwise face a barrier of 32 ETH ($52,000) for staking, the note said.
Related posts
-
Ethereum’s Breakout Moment: Is a $7,500 Target Achievable? Experts Weigh In
Despite Ethereum’s recent lackluster performance, Glassnode Co-founders, under the name ‘Negentrophic’ on Elon Musk’s X social... -
SEC Sues ConsenSys Over MetaMask Staking, Broker Allegations
The U.S. Securities and Exchange Commission sued Ethereum software provider ConsenSys over its MetaMask service Friday,... -
Uniswap A Retailer’s Hub? Average Trade Sizes Fall From $30,000 to $1,000 In 2 Years
Dalmas, a seasoned crypto reporter, brings a unique perspective to the industry. His specialization in NFTs,...