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***PART 2️⃣ / 7️⃣*** #DeFi #crypto: FlipFlop #ETHt and another new-to-the-market unfamiliar "wraps". #whETH. This is a wrapped #Ether on the Wormhole network that allows moving assets between different blockchains through the #Wormholeprotocol. It works similarly to other wrapped versions of ETH, ensuring #crosschain interaction. It is used in ecosystems where Ether is needed in compatible #EVMnetworks but through #Wormhole infrastructure. Pay attention: Depending on the network from which the #token was transferred the smart contract address will differ, but the name will remain #whETH (or even just #ETH). Therefore, always💡verify tokens by their #smartcontract, not by name. #zETH. This is a #wrappedEther created via the #ZeroLayer bridge. This #bridge provides secure and fast asset transfers between #blockchains while maintaining Ether's liquidity when transferring to other networks. zETH allows participation in #DeFi protocols on various blockchains using Ether through ZeroLayer infrastructure. #Lido. A #liquidstaking protocol that has been operational since 2021. During this time, it has accumulated a #TVL of $25 billion and has gained user trust, becoming a key player in the liquid staking market. #stETH. This is an #LST ETH that accrues rewards based on the rebase principle. Security: 9️⃣/🔟 points. #wstETH. A #wrapped #stETH created for use in other EVM networks besides ETH, with rewards accrued based on the reward principle. Security: 9️⃣/🔟 points. #RocketPool. The second-largest liquid staking protocol by TVL while operational since 2021. It focuses on decentralization and accessibility for users. #rETH. An LST that operates based on the reward principle and increases in price relative to ETH as staking rewards are received. Security: 9️⃣/🔟 points. #StakeWise. A liquid staking protocol launched in 2021, focusing on optimizing rewards and stake management through a DAO. The platform allows users to choose how they want to earn staking income and supports integration with DeFi. #osETH. A liquid staking ETH token that operates on the reward mechanism. Security: 9️⃣/🔟 points. #Coinbase. One of the largest centralized exchanges, founded in 2012 in the USA. The exchange launched its liquid staking token #cbETH (Coinbase Wrapped Staked ETH) in August 2022, prior to the Ethereum merge. cbETH quickly gained significant TVL and entered the top 10 projects in the liquid restaking space. #cbETH. LST from Coinbase with a reward mechanism. Compared to previously mentioned counterparts, it is more centralized. All governance decisions regarding the token are made solely by Coinbase, and there are regulatory risks. Security: 9️⃣/🔟 points. #Ankr. An infrastructure development platform launched in 2017 offering ready-made solutions for blockchains, including #liquidstaking. #ankrETH. LST from Ankr, with #staking rewards accrued through the reward mechanism. Security: 8️⃣/🔟 points. ***To be continued...

🟢 Dive into the latest innovations shaping the Web3 landscape over the past 24 hours—explore these cutting-edge developments: - Immutable's Record Growth and Platform Migrations: Immutable has been recognized as the fastest-growing blockchain gaming ecosystem in 2024, with 181 new game announcements, a 71% year-over-year growth, and 33 titles migrating from other blockchains to its platform. This growth includes an 80% quarter-over-quarter increase in daily active addresses and a 414.8% quarter-over-quarter increase in daily transactions. - Substantial User Engagement and Ecosystem Expansion: Immutable's zkEVM platform saw significant user engagement, with daily active addresses reaching 267,000 and daily transactions up by 80.5% to 595,000. The platform also expanded its interoperability with over 70 networks through integrations like the Squid Bridge cross-chain protocol. - Immutable Passport Success: Immutable Passport, a seamless onboarding solution for Web3 gaming, surpassed 2.5 million sign-ups by the end of Q3 2024, highlighting the platform's success in reducing entry barriers and facilitating player adoption. - New U.S. Leadership and Pro-Crypto Approach: The recent U.S. election results indicate a shift in administration with a strong focus on crypto and digital assets. This signals potential rapid developments in Web3 law through the end of 2024 and into 2025, although it may also pose challenges related to national security and regulatory enforcement. - Binance Entities Challenge SEC's Amended Complaint: Binance U.S. and its foreign entity have moved to dismiss the SEC's Amended Complaint, arguing that the SEC cannot articulate distinguishing factors for why certain tokens were sold in securities transactions while others, like Ether and Bitcoin, were not. This development highlights ongoing legal battles in the Web3 space. #Web3Innovation #BlockchainGaming #CryptoGrowth #DigitalAssets #BlockchainEcosystem #Web3Law #CryptoFuture #ImmutableSuccess #CrossChainIntegration #CryptoLeadership

EigenLayer is emerging as one of the most fascinating crypto protocols recently developed. But what exactly is restaking, the crypto primitive that's stirring up debate? 🤔 𝐀 𝐃𝐢𝐯𝐞 𝐢𝐧𝐭𝐨 𝐑𝐞𝐬𝐭𝐚𝐤𝐢𝐧𝐠 🚀 At its core, EigenLayer serves as a restaking collective within the Ethereum ecosystem, leveraging staked ETH. Validators engaged with EigenLayer not only protect the Ethereum network but also a variety of third-party applications built on Ethereum—ranging from oracle networks and bridges to data availability solutions. You might wonder how these software modules or protocols ensure their security today. Typically, they establish their own economic safeguards, often by launching a native token. However, with Restaking, staked ETH can be employed to fortify these applications, either as a substitute for or alongside their native tokens. To demystify the concept, let's consider a real-world analogy: Imagine owning a comprehensive toolkit at home, equipped to handle everything from plumbing to electrical work. This toolkit represents **Ethereum staking**, where your staked ETH fortifies the Ethereum mainnet—your "home base." Now envision lending this toolkit to your neighbors under the agreement that it's available when you need it. This scenario encapsulates **restaking**: your robust toolkit aids the community while you maintain control over its usage. 🛠️➡️🏘️ While this analogy simplifies the idea, it aids in grasping the underlying principle. Restaking can be executed with both native staked ETH and whitelisted liquid staking tokens. But what are the advantages of restaking? It enhances capital efficiency and provides restakers with additional rewards for securing more protocols. Applications utilizing restaking benefit from the robust security of the Ethereum network. 📈 However, restaking isn't without its risks. Individual risks include: - An elevated slashing risk, where restaked assets may face penalties from both Ethereum and the secured applications. ⚠️ - An increased counterparty risk stemming from the restaking protocol. 🔄 Moreover, critics of restaking highlight systemic risks. Potential conflicts of interest could compromise the primary role of validators—blockchain security. For instance, there's a concern that centralization may intensify if a handful of validators control a substantial share of the staked assets. 🏦 It will be interesting to see, how liquid staking and restaking will shape the future of Ethereum.  ✨ #crypto #staking #restaking #eigenlayer #cryptoeconomy #yield

According to CryptoQuant data, in September, TON’s transaction volume surpassed Ethereum and NEAR, among other Layer-1 solutions. In recent months, The Open Network has cemented its place as one of the top Layer 1 options. According to CryptoQuant data, The Open Network accounted for more than 50% of all Layer 1 transactions in September, surpassing […] #Crypto #Ethereum #Layer1

StarkWare CEO Eli Ben Sasson predicts Starknet’s transaction speed will quadruple and fees will drop by 5x within three months, powered by improvements in its Cairo smart contract language. Eli Ben Sasson, CEO of StarkWare, anticipates that the transaction speed of the company’s Ethereum layer 2 Starknet will increase by fourfold and that fees will […] #Crypto #StarknetCEO #TPSBoost

This Coinbase Institutional report provides an overview of restaking, as popularized by EigenLayer and Ethereum. It highlights the potential for restaking to become a core part of Ethereum’s infrastructure, enabling validators to earn additional rewards by securing actively validated services (AVS). The market is pricing in extremely high yields from AVSs, which may return to more reasonable values as the ecosystem matures. There are also complexities and risks associated with liquid restaking tokens (LRTs) that might be hidden from users. #crypto #web3 #ethereum https://lnkd.in/gby_cq8r

A new post is available on news.nbtc.finance : Avail’s Testnet Surpasses 100 Million Transactions, Showcasing Mainnet Capability Avail’s Goldberg testnet has successfully processed over 100 million transactions, marking a pivotal achievement in its preparation for a mainnet launch. 100 million transactions on the Goldberg testnet!!! Do you see that?! Shoutout to @subscan_io for building Avail’s newest explorer 🫶 You can see it for yourself here – https://t.co/dD2DiTrLtQ https://t.co/hZ7HcobKR9 — Avail | ✈️ [...] ➡️ Read more : https://lnkd.in/e38S7S9c #Avail #GoldbergTestnet #Web3 #DataAvailability #CryptocurrencyFunding #Crypto #Blockchain #NBTC

🚀 Blast Token Takes Off on Exchanges! 🌐 The Ethereum second-layer network, Blast, has just launched $Blast tokens following a successful airdrop. Now tradeable on Bybit, Gate, Bitget, and Coinbase, Blast is catching eyes with its unique revenue mechanism and robust team, the brains behind the renowned Blur project. 🔍 Key Highlights: • Since Q4 2023, Blast’s total value locked (TVL) soared past $100 million. • Its innovative approach sets it apart in the bustling Layer 2 space. 🤔 What’s Next? As the crypto landscape evolves, how will Blast adapt to the changing technical and market demands of 2024? #CryptoNews #Ethereum #BlockchainTechnology #Blast #airdrop #binance #megadrop

***PART 6️⃣ / 7️⃣***#DeFi #crypto: FlipFlop #ETHt and another new-to-the-market unfamiliar "wraps". #d2finance. It's a protocol offering ready-made tokenized strategies at an institutional level within non-custodial vaults. #ETH++. Yield-bearing token representing a vault for ETH with a strategy that includes arbitrage trading. The yield of the ETH++ token can vary from -20% to +200% of the ETH value. The final APR depends on market conditions and how the strategy performs within the vault. Security: 5/10 points. #Bedrock. It's a liquid restaking protocol created in late 2023. It aims to improve staking functionality allowing users to earn income from their assets through reinvestment. In October 2024, due to developer negligence and an error in the minting function of the #uniBTC token, the project lost $2 million. #uniETH. It's a token representing the liquid staking of ETH. UniETH uses a reward mechanism, does not increase in quantity over time, but appreciates in value. Security: 6/10 points. #Treehouse is a blockchain protocol that creates new primitives and fixed-income products. The protocol uses #LST tokens and increases their yield through interest rate arbitrage on lending protocols. The project entered the market recently in the summer of 2024, with support from major funds and market makers such as #Lightspeed, #Wintermute, #Binance, #Bybit, #GSR and another key players. #tETH works as a liquid staking token that optimizes user yield through arbitrage between borrowing and lending rates. It effectively acts as a trading bot that seeks market inefficiencies and uses ETH or LSTs to generate additional income. Example: Suppose the borrowing rate for ETH in DeFi protocol A is 5% while the lending rate in protocol B is 8%. tETH can borrow ETH in protocol A at a rate of 5% and then use that ETH to lend in protocol B at a higher rate of 8%. It earns the difference between the rates: 8% (lending) - 5% (borrowing) to 3% net profit. Pay attention that there are additional risks of hacks on the lending protocol that uses tETH. You can read about all the risks here. The project is generally interesting since you can still farm points for now. Security: 7/10 points. #Ether.fi is a blockchain protocol that allows users to earn from restaking ETH while providing flexibility and control over their assets. Ether.fi is one of the leaders in the liquid restaking space with a TVL of over $6B. #eETH. LRT (#LiquidRestakedToken) on the #Ethereum network, offering additional rewards from #EigenLayer. #weETH. Wrapped version of the eETH token. #weETHs. LRT using the #Symbiotic restaking protocol. #weETHk. LRT using the #Karak restaking protocol. Security: 8/10 points.

ETHEREUM OWES ITS RECENT SUCCESS TO LAYER-3 XAI - REPORT - According to data provider L2Beat, the #Ethereum ecosystem has reached a new all-time high in terms of transactions per second (TPS). - On June 16th, Ethereum’s TPS rose to a full 246 TPS across mainnet and its various L2 ecosystems - This is equivalent to more than 21 million transactions daily. - However, this surge in TPS was driven by the recently launched The Arbitrum Foundation L3 network, Xai_Games. - According to L2Beat, Xai’s TPS stood at more than a third of the Ethereum ecosystem’s total - at 102 TPS. - Base Network stood in second place with just 33 TPS. - $XAI’s TPS remained suppressed at around the 13 TPS mark, until June 12th - Since then, its TPS has jumped by around a factor of 7. - The news is not only a testament to the ability of layer-2/3 networks to scale $ETH effectively, as well as a reflection of this year’s Dencun upgrade… - … but also a testament to the value of L3 networks in and of themselves, the need for which many have questioned in the past. Image: Crypto Sensei [Medium]