• bitcoinBitcoin (BTC) $ 61,460.00
  • ethereumEthereum (ETH) $ 2,997.64
  • tetherTether (USDT) $ 1.00
  • bnbBNB (BNB) $ 543.83
  • solanaSolana (SOL) $ 130.15
  • usd-coinUSDC (USDC) $ 0.998899
  • staked-etherLido Staked Ether (STETH) $ 2,994.36
  • xrpXRP (XRP) $ 0.488849
  • dogecoinDogecoin (DOGE) $ 0.144119
  • the-open-networkToncoin (TON) $ 5.98
  • cardanoCardano (ADA) $ 0.442800
  • shiba-inuShiba Inu (SHIB) $ 0.000022
  • avalanche-2Avalanche (AVAX) $ 33.81
  • tronTRON (TRX) $ 0.109362
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 61,516.00
  • bitcoin-cashBitcoin Cash (BCH) $ 478.25
  • polkadotPolkadot (DOT) $ 6.59
  • chainlinkChainlink (LINK) $ 13.13
  • matic-networkPolygon (MATIC) $ 0.661332
  • litecoinLitecoin (LTC) $ 80.71
  • nearNEAR Protocol (NEAR) $ 5.51
  • internet-computerInternet Computer (ICP) $ 11.96
  • leo-tokenLEO Token (LEO) $ 5.85
  • uniswapUniswap (UNI) $ 6.94
  • daiDai (DAI) $ 0.999568
  • aptosAptos (APT) $ 9.07
  • first-digital-usdFirst Digital USD (FDUSD) $ 1.00
  • ethereum-classicEthereum Classic (ETC) $ 25.46
  • mantleMantle (MNT) $ 1.11
  • blockstackStacks (STX) $ 2.32
  • okbOKB (OKB) $ 54.63
  • crypto-com-chainCronos (CRO) $ 0.120642
  • filecoinFilecoin (FIL) $ 5.83
  • cosmosCosmos Hub (ATOM) $ 8.05
  • stellarStellar (XLM) $ 0.107483
  • arbitrumArbitrum (ARB) $ 1.13
  • bittensorBittensor (TAO) $ 442.99
  • render-tokenRender (RNDR) $ 7.60
  • makerMaker (MKR) $ 3,122.22
  • hedera-hashgraphHedera (HBAR) $ 0.078845
  • vechainVeChain (VET) $ 0.037997
  • immutable-xImmutable (IMX) $ 1.89
  • kaspaKaspa (KAS) $ 0.115987
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • dogwifcoindogwifhat (WIF) $ 2.35
  • injective-protocolInjective (INJ) $ 25.62
  • the-graphThe Graph (GRT) $ 0.240856
  • optimismOptimism (OP) $ 2.18
  • wrapped-eethWrapped eETH (WEETH) $ 3,105.90
  • moneroMonero (XMR) $ 113.66
  • pepePepe (PEPE) $ 0.000005
  • fetch-aiFetch.ai (FET) $ 1.93
  • theta-tokenTheta Network (THETA) $ 2.00
  • fantomFantom (FTM) $ 0.655293
  • bitget-tokenBitget Token (BGB) $ 1.30
  • coredaoorgCore (CORE) $ 2.03
  • lido-daoLido DAO (LDO) $ 1.94
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,315.69
  • celestiaCelestia (TIA) $ 9.54
  • suiSui (SUI) $ 1.23
  • arweaveArweave (AR) $ 24.01
  • galaGALA (GALA) $ 0.040774
  • thorchainTHORChain (RUNE) $ 4.47
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,068.97
  • quant-networkQuant (QNT) $ 101.26
  • sei-networkSei (SEI) $ 0.489557
  • beam-2Beam (BEAM) $ 0.025592
  • algorandAlgorand (ALGO) $ 0.165748
  • whitebitWhiteBIT Coin (WBT) $ 9.24
  • flokiFLOKI (FLOKI) $ 0.000131
  • bitcoin-svBitcoin SV (BSV) $ 64.96
  • flowFlow (FLOW) $ 0.842071
  • zebec-protocolZebec Protocol (ZBC) $ 0.024795
  • jupiter-exchange-solanaJupiter (JUP) $ 0.923225
  • aaveAave (AAVE) $ 83.77
  • ethenaEthena (ENA) $ 0.862683
  • flare-networksFlare (FLR) $ 0.031572
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 2,993.00
  • bittorrentBitTorrent (BTT) $ 0.000001
  • neoNEO (NEO) $ 16.73
  • ondo-financeOndo (ONDO) $ 0.753049
  • ribbon-financeRibbon Finance (RBN) $ 1.12
  • tokenize-xchangeTokenize Xchange (TKX) $ 13.57
  • elrond-erd-2MultiversX (EGLD) $ 40.02
  • singularitynetSingularityNET (AGIX) $ 0.802309
  • wormholeWormhole (W) $ 0.551315
  • axie-infinityAxie Infinity (AXS) $ 6.90
  • dydx-chaindYdX (DYDX) $ 2.11
  • ecasheCash (XEC) $ 0.000049
  • the-sandboxThe Sandbox (SAND) $ 0.424864
  • roninRonin (RON) $ 3.06
  • chilizChiliz (CHZ) $ 0.107046
  • bonkBonk (BONK) $ 0.000014
  • worldcoin-wldWorldcoin (WLD) $ 4.85
  • tezosTezos (XTZ) $ 0.938278
  • havvenSynthetix Network (SNX) $ 2.75
  • conflux-tokenConflux (CFX) $ 0.227175
  • starknetStarknet (STRK) $ 1.21
  • ordinalsORDI (ORDI) $ 41.97
  • cheeleeCheelee (CHEEL) $ 15.50
  • gatechain-tokenGate (GT) $ 6.53
  • akash-networkAkash Network (AKT) $ 3.74
  • jasmycoinJasmyCoin (JASMY) $ 0.017718
  • gnosisGnosis (GNO) $ 326.08
  • nervos-networkNervos Network (CKB) $ 0.019308
  • pyth-networkPyth Network (PYTH) $ 0.559391
  • eosEOS (EOS) $ 0.722905
  • mina-protocolMina Protocol (MINA) $ 0.760343
  • msolMarinade staked SOL (MSOL) $ 154.40
  • kucoin-sharesKuCoin (KCS) $ 8.26
  • decentralandDecentraland (MANA) $ 0.421842
  • apecoinApeCoin (APE) $ 1.21
  • axelarAxelar (AXL) $ 1.17
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,022.59
  • usddUSDD (USDD) $ 0.975169
  • iotaIOTA (IOTA) $ 0.216392
  • kavaKava (KAVA) $ 0.643148
  • dexeDeXe (DEXE) $ 11.99
  • heliumHelium (HNT) $ 4.10
  • aioz-networkAIOZ Network (AIOZ) $ 0.620244
  • nexoNEXO (NEXO) $ 1.20
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.68
  • frax-etherFrax Ether (FRXETH) $ 2,985.20
  • echelon-primeEchelon Prime (PRIME) $ 17.64
  • dydxdYdX (ETHDYDX) $ 2.11
  • fraxFrax (FRAX) $ 0.998049
  • klay-tokenKlaytn (KLAY) $ 0.178503
  • swethSwell Ethereum (SWETH) $ 3,152.87
  • aerodrome-financeAerodrome Finance (AERO) $ 1.56
  • bitcoin-goldBitcoin Gold (BTG) $ 34.52
  • oasis-networkOasis Network (ROSE) $ 0.089348
  • lido-staked-solLido Staked SOL (STSOL) $ 153.68
  • osmosisOsmosis (OSMO) $ 0.898193
  • tether-goldTether Gold (XAUT) $ 2,380.84
  • corgiaiCorgiAI (CORGIAI) $ 0.001689
  • dymensionDymension (DYM) $ 3.53
  • pendlePendle (PENDLE) $ 5.95
  • blurBlur (BLUR) $ 0.371789
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000098
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 3,188.88
  • illuviumIlluvium (ILV) $ 86.80
  • fasttokenFasttoken (FTN) $ 1.78
  • mantra-daoMANTRA (OM) $ 0.668644
  • astarAstar (ASTR) $ 0.096573
  • theta-fuelTheta Fuel (TFUEL) $ 0.082298
  • radixRadix (XRD) $ 0.051503
  • sats-ordinalsSATS (Ordinals) (SATS) $ 0.00000025
  • based-brettBrett (BRETT) $ 0.061697
  • mx-tokenMX (MX) $ 5.32
  • woo-networkWOO (WOO) $ 0.278954
  • wemix-tokenWEMIX (WEMIX) $ 1.44
  • true-usdTrueUSD (TUSD) $ 0.999949
  • xdce-crowd-saleXDC Network (XDC) $ 0.036565
  • curve-dao-tokenCurve DAO (CRV) $ 0.425679
  • ocean-protocolOcean Protocol (OCEAN) $ 0.821028
  • book-of-memeBOOK OF MEME (BOME) $ 0.008898
  • staked-frax-etherStaked Frax Ether (SFRXETH) $ 3,232.81
  • iotexIoTeX (IOTX) $ 0.051129
  • skaleSKALE (SKL) $ 0.089223
  • altlayerAltLayer (ALT) $ 0.362393
  • enjincoinEnjin Coin (ENJ) $ 0.315382
  • 1inch1inch (1INCH) $ 0.384489
  • apenftAPENFT (NFT) $ 0.00000045
  • stepnGMT (GMT) $ 0.227412
  • pax-goldPAX Gold (PAXG) $ 2,395.49
  • manta-networkManta Network (MANTA) $ 1.75
  • polymeshPolymesh (POLYX) $ 0.409581
  • zilliqaZilliqa (ZIL) $ 0.023165
  • trust-wallet-tokenTrust Wallet (TWT) $ 1.01
  • ankrAnkr Network (ANKR) $ 0.042125
  • superfarmSuperVerse (SUPER) $ 0.933584
  • ethereum-name-serviceEthereum Name Service (ENS) $ 13.30
  • cat-in-a-dogs-worldcat in a dogs world (MEW) $ 0.004627
  • celoCelo (CELO) $ 0.770388
  • memecoin-2Memecoin (MEME) $ 0.024760
  • 0x0x Protocol (ZRX) $ 0.481424
  • terra-luna-2Terra (LUNA) $ 0.589131
  • amp-tokenAmp (AMP) $ 0.007124
  • rocket-poolRocket Pool (RPL) $ 19.89
  • aelfaelf (ELF) $ 0.551530
  • compound-wrapped-btccWBTC (CWBTC) $ 1,235.83
  • ether-fiEther.fi (ETHFI) $ 3.40
  • siacoinSiacoin (SC) $ 0.006894
  • ravencoinRavencoin (RVN) $ 0.028353
  • ethereum-pow-iouEthereumPoW (ETHW) $ 3.62
  • jeo-bodenJeo Boden (BODEN) $ 0.560414
  • qtumQtum (QTUM) $ 3.66
  • holotokenHolo (HOT) $ 0.002150
  • frax-shareFrax Share (FXS) $ 4.80
  • raydiumRaydium (RAY) $ 1.43
  • pups-ordinalsPUPS (Ordinals) (PUPS) $ 48.42
  • biconomyBiconomy (BICO) $ 0.495879
  • stader-ethxStader ETHx (ETHX) $ 3,074.93
  • safepalSafePal (SFP) $ 0.791509
  • livepeerLivepeer (LPT) $ 11.41
  • origintrailOriginTrail (TRAC) $ 0.886048
  • compound-governance-tokenCompound (COMP) $ 52.43
  • project-galaxyGalxe (GAL) $ 3.40
  • casper-networkCasper Network (CSPR) $ 0.029803
  • basic-attention-tokenBasic Attention (BAT) $ 0.235010

Yearn Finance New Staked Token yETH Might Not Be Launched Yet

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Yearn Finance New Staked Token yETH Might Not Be Launched Yet

According to a survey on the Yearn Finance governance forum, participants are divided on introducing the yETH toen. The poll is non-binding and is intended to gauge community support in going forward with a binding vote through snapshot.

According to Yearn, there are an increasing number of LSDs, each with a unique yield, risk, and decentralization profile, as well as varying degrees of market liquidity. Inefficiencies in market pricing might lead to trading opportunities against the protocol’s underlying supported ETH value.

Staked ETH in a typical liquidity pool is not appropriate for collateral since the pool is only as secure as its least safe Member. However, new LSDs may struggle to establish traction and draw sufficient use and liquidity to compete with existing protocols with huge market shares.

As consumers deposit into a basket of several ETH Liquid Staking Tokens, Yearn ETH (yETH) is created (LSDs). By the diversification of LSDs, yETH allows recuperating the value and, when staked, receiving the accompanying Ethereum PoS staking rewards with a more balanced risk/reward profile.

Yearn Finance New Staked Token yETH Might Not Be Launched Yet

Several users in the thread discussing the suggestions dispute the necessity for exposure to numerous LSDs since the danger of de-pegging is minimal after the Shanghai update.

Some have complained that yETH’s idea is too similar to already-launched initiatives such as unshETH.

But, with this group not yet firmly unified, it may not be ready to launch yETH just yet. Thus far, 20 individuals have voted, with 11 taking no side with the measure.

As Coincu reported, Yearn Finance said that the breach was caused by existing weaknesses in the yUSDT token’s smart contract. Since the flaw has not been resolved, liquidity providers that transmit LP tokens to downstream protocols are still vulnerable.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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