A Hong Kong watchdog, the SFC, has cautioned investors about the enticing yet potentially risky ‘Floki Staking Program’ and ‘Tokenfi Staking Program,’ which offer high annualized returns without the required regulatory green light. SFC Warns Against Unregulated Floki and Tokenfi Crypto Staking Programs The Hong Kong Securities and Futures Commission (SFC) has issued a public […]
Metamask, the Ethereum Virtual Machine (EVM) wallet, has announced the launch of its validator staking services for Ethereum. The feature will allow users who want to stake their ether to do it simply from the Metamask portfolio interface, without managing hardware equipment, while maintaining custody of the cryptocurrency staked. Metamask Introduces Validator Staking for Ethereum […]
Recent statistics indicate that in the past six months, a substantial 2.15 million ethereum has been allocated to liquid staking derivatives protocols. As of Jan. 6, 2024, Lido Finance holds a dominant share, exceeding 75% of the total deposited ether, with a massive addition of 1.7 million ethereum deposited since July 5, 2023. Liquid Staking […]
Recent data reveals that Lido, the leading liquid staking protocol (LSP), now holds over 9 million ethereum within its system. This figure represents a significant 77.81% of the total ethereum value locked in current LSPs, underscoring Lido’s dominant position in the market. Lido and Rocket Pool Reach New Heights with 9 Million and 1 Million […]
Institutional investors seeking to earn rewards from digital asset token staking must be aware of the associated risks and should take steps to protect their clients, Andrew McFarlane, CTO at the Web3 infrastructure company Validation Cloud, has said. According to McFarlane, slashing, which is a penalty imposed on tokens staked on a validator who contravenes […]