Today, Liquid Staked Ether index token was made available by MoonRock Finance, a provider of cryptocurrency index tokens (ticker symbol: LSETH). The top liquid Ether staking rewards tokens are collected in the LSETH index token. Users seeking diversified ETH yield have a straightforward, fee-free option with LSETH.
Staking has become a desirable method of generating a passive yield on ETH. However, staking has the drawback of requiring users to lock their tokens, which makes them less liquid. A lock-up is no longer necessary, thanks to a recent innovation called liquid staking. As a result, the market capitalization of liquid staked ETH tokens has increased dramatically to over $9 billion.
To get diversified ETH yield, use the LSETH index token, which offers a straightforward solution. Lido Staked ETH (wstETH), Rocket Pool ETH (rETH), Staked Frax ETH (sfrxETH), Coinbase Wrapped Staked ETH (cbETH), and Ankr Staked ETH make up an equal-weighted basket that makes up LSETH (ankrETH). On-chain governance will be used to automatically update the LSETH index as more liquid staking options hit the market.
“We’re delighted to announce the launch of our liquid staked ETH index token, LSETH,” commented JK, the Founder of MoonRock Finance. “We’re particularly happy to offer this product with zero fees. We hope that LSETH provides users with the benefits of index diversification as well as help grow the liquid staking ecosystem. ”
There will be a learn & earn program on the Layer3 platform and liquidity mining incentives on the xToken Terminal to get the word out about LSETH.
Uniswap is a decentralized exchange where you can buy and sell the LSETH token.
Concerning MoonRock Finance
To enable people to infuse in cryptocurrencies passively and unwind while enjoying their financial freedom, MoonRock Finance was established. Holders of MoonRock index tokens have the convenience and simplicity of a single token while gaining broad exposure to a basket of cryptocurrency tokens. Products like the CPI token, which measures US price inflation, JPG, which offers extensive exposure to the NFT market, and LSETH, an index of the top liquid-staked ETH tokens, are available. Visit www.moonrock.org or send an email to [email protected] for more information.
As a web3 user acquisition and retention solution, Layer3 was established in 2021 to assist teams in acquiring the actions and users that are important to them. Through any combination of on-chain operations, their no-code tools enable customers to create milestones for brand-new or recurring users.
They have generated 10M+ on-chain interactions across top dapps using strong storytelling techniques (Quests). They currently provide services to web3 clients like Coinbase Cloud, Hashflow, Slingshot, Stargate, Aave, and many others. To learn more, go to www.layer3.xyz.
Compiled by Metacrunch. Metacrunch is a news complier and aggregator platform which aims to spread awareness and updates on Metaverse, Web 3.0 Technology, Blockchain, Cryptocurrency, NFTs, Airdrops and many more.
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