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Ethena Labs to Scale USDe Stablecoin with Bitcoin Backing


Ethena Labs plans to use Bitcoin as backing to expand the capacity and stability of USDe stablecoin, which is currently backed by only Ethereum liquid staking tokens. The post Ethena Labs to Scale USDe Stablecoin with Bitcoin Backing appeared first on Cryptonews

In 22 Days, Liquid Staking Platforms Witness a 340,000 ETH Decline


According to the most recent data, within the last 22 days, the volume of staked ether locked across various liquid staking derivative token platforms has seen a decline of 2.45%. This downward trend was observed across 27 unique platforms, culminating in a reduction of 340,000 ETH, valued...

LiNEAR Protocol brings in omnichain liquid staking


LiNEAR brings into the picture omnichain liquid restaking with the first purpose of taking forward NEAR’s chain abstraction. LiNEAR is a leader in DeFi protocols on NEAR and has the maximum TVL. It intends to improve the safety aspects of NEAR’s chain abstracted network via staking....

Badgerdao Introduces a New Ether-Backed Synthetic Bitcoin Token


Badgerdao, in partnership with Lido, has unveiled eBTC, an ether-backed synthetic bitcoin token aimed at enhancing the decentralization and capital efficiency of borrowing bitcoin in the decentralized finance (defi) space. Badgerdao and Lido Forge Partnership to Launch eBTC Badgerdao,...

Crypto Gurus Snap Up Viral Meme Coin Pre-Exchange Listing for Early Edge


With global crypto adoption continuing apace, investors are buying up Sponge (SPONGE) before it gets listed on major exchanges in the hope that they’ve found the next viral Web 3 meme coin. SPONGE is a Web3 project that comes with its own staking and video gaming community. In the coming...

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