January 13, 2021: Holy $stETH rewards 🦇🦸‍♂️ $LIDO $LDO

Keep Ahead of the Curve

Here are today’s trends to watch from Curve Market Cap:

Lido @LidoFinance

A proposal has passed to distribute 0.5% (5,000,000) LDO to @CurveFinance stETH liquidity providers over the next 30 days. View our guide to providing stETH liquidity via Curve below 👇 blog.lido.fi/providing-stet…

blog.lido.fiHow To: Providing stETH liquidity via CurveThe following article is a guide to using Curve, with instructions on how to stake stETH using Curve to receive trading fees and liquidity rewards.

$stETH rewards pass on Curve, and the pool explodes! Currently at 125% $LDO rewards on $4MM volume, good enough to land squarely in the top ten of Curve pools by volume.

Cryptoyieldinfo @Cryptoyieldinfo

Is that a 141% $LDO bonus on the ETH:stETH pool on Curve I see?

curve.fiCurve.fiCurve is an exchange liquidity pool on Ethereum designed for: extremely efficient stablecoin trading, low risk, supplemental fee income for liquidity providers, without an opportunity cost.

The Curve fam has been understandably excited about ETH pools, although we observe that the $stETH pool may be somewhat cannibalizing the $SETH pool amidst the frenzy.

Nansen @nansen_ai

.@CurveFinance has already overtaken @UniswapProtocol on stETH liquidity - and now also yields LDO incentives.

This also makes Lido Finance, the team behind $stETH, a top 10 ETH2 depositor at the moment.

jordan fish @jordanfish

Lido is now the 7th largest depositing address for Ethereum staking with over $40,000,000 staking with Lido 😍

Meanwhile the LIDO governance team has been very active, recently passing several proposals mostly governing validator nodes. One notable rejection was a proposal to provide 30% of the staking fee to governance token holders, which failed by a slim margin.

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