Raymond Steth

Flash News: OKX Wallet Now Integrated with Lybra, a Decentralized Protocol

Retrieved on: 
Monday, November 13, 2023

SINGAPORE, Nov. 13, 2023 (GLOBE NEWSWIRE) -- OKX , a leading Web3 technology company, has issued updates for November 13, 2023.

Key Points: 
  • SINGAPORE, Nov. 13, 2023 (GLOBE NEWSWIRE) -- OKX , a leading Web3 technology company, has issued updates for November 13, 2023.
  • OKX Wallet Now Integrated with Lybra, a Decentralized Protocol
    OKX Wallet is now integrated with Lybra , a decentralized protocol.
  • Built on Liquid Staking Derivatives (LSD), the protocol initially leverages Lido Finance-issued ETH proof-of-stake and stETH as its primary components, with plans to support additional LSD assets in the future.
  • To access Lybra via web extension, users simply need to:

Cega Launches First On-Chain Dual Currency Product, Partners with Lido on Highest Yield stETH Strategy

Retrieved on: 
Thursday, November 30, 2023

Cega Finance ("Cega") announces the launch of its Dual Currency strategy to unlock new yield opportunities for the Liquid Staking ecosystem, providing returns of 22%+ APY for stETH or ETH holders.

Key Points: 
  • Cega Finance ("Cega") announces the launch of its Dual Currency strategy to unlock new yield opportunities for the Liquid Staking ecosystem, providing returns of 22%+ APY for stETH or ETH holders.
  • Lido’s stETH market alone, currently valued at over $16 billion, represents the significant emergence of a new capital market structure.
  • Cega’s new Dual Currency product solves this by offering DeFi investors an innovative yet simple way to earn at the highest stETH and ETH yield in the market of 22%+ real yield through options trading.
  • Cega has prioritized security and safety with their release of the Dual Currency products to provide peace of mind for investors.

Flash News: OKX Wallet Partners with Reserve Protocol, Giving Users an APR Boost of Up to 5% on Staked ETH and ETH+

Retrieved on: 
Monday, November 13, 2023

SINGAPORE, Nov. 08, 2023 (GLOBE NEWSWIRE) -- OKX , a leading Web3 technology company, has issued updates for November 8, 2023.

Key Points: 
  • SINGAPORE, Nov. 08, 2023 (GLOBE NEWSWIRE) -- OKX , a leading Web3 technology company, has issued updates for November 8, 2023.
  • OKX Wallet Partners with Reserve Protocol, Giving Users an APR Boost of Up to 5% on Staked ETH and ETH+
    OKX Wallet today partnered with Reserve Protocol to offer users who stake Curve LP ETH+-WETH via Convex on OKX DeFi an APR boost of up to 5% - in addition to any base APR.
  • ETH+ is a safety-first diversified ETH LST index, backed by Lido stETH and Rocketpool rETH.
  • OKX DeFi is a powerful DeFi platform that supports earning and staking on about 70 protocols across more than 10 chains.

The IPOR Protocol's v2 Brings Ethereum Stake Rate Derivatives and Structured Products to DeFi

Retrieved on: 
Thursday, October 12, 2023

ZUG, Switzerland, Oct. 12, 2023 /PRNewswire/ -- IPOR Labs AG, developers of the IPOR Protocol, announced today the launch of IPOR Protocol v2, introducing a suite of yield-focused and interest rate derivatives products to DeFi. The upgrade enables IPOR to tap into the $19 billion Ethereum liquid staking derivatives (LSDs) market offering stETH deposit pools and staking rate swap instruments for various tenors.

Key Points: 
  • IPOR v2 introduces the Stake Rate Swap and stETH pools, extended tenors for IPOR rate swaps, and upgraded architecture and risk engine, setting the stage for structured products in DeFi.
  • ZUG, Switzerland, Oct. 12, 2023 /PRNewswire/ -- IPOR Labs AG , developers of the IPOR Protocol, announced today the launch of IPOR Protocol v2, introducing a suite of yield-focused and interest rate derivatives products to DeFi.
  • The upgrade enables IPOR to tap into the $19 billion Ethereum liquid staking derivatives (LSDs) market offering stETH deposit pools and staking rate swap instruments for various tenors.
  • With its new stETH pool and on-chain interest rate derivatives, the IPOR v2 offers the ability to hedge staking rate volatility via "Stake Rate Swaps (SRS)" - vanilla swap contracts for stETH staking rates.

LST Optimizer Mainnet Launch - Upgrading Ethereum Liquid Staking

Retrieved on: 
Tuesday, September 26, 2023

Blockswap Network , a pioneer in the Ethereum staking ecosystem, unveils another ground-breaking innovation with the Mainnet release of the LST Optimizer - a protocol producing an ERC-20 token backed by ETH Liquid Staking Tokens (LST) deposits.

Key Points: 
  • Blockswap Network , a pioneer in the Ethereum staking ecosystem, unveils another ground-breaking innovation with the Mainnet release of the LST Optimizer - a protocol producing an ERC-20 token backed by ETH Liquid Staking Tokens (LST) deposits.
  • kETH is the logical evolution of liquid staking and uses the Stakehouse protocol’s Ethereum staking operating system.
  • The LST Optimizer enables kETH holders to stake their kETH to earn BSN rewards on top of their kETH yield.
  • The launch signals a paradigm shift in the Ethereum staking ecosystem, offering unprecedented flexibility, yield optimization, and risk mitigation to ETH stakers.

Flash News: OKX Wallet is Now Integrated with Looper, a Decentralized Protocol

Retrieved on: 
Friday, September 22, 2023

OKX Wallet is Now Integrated with Looper, a Decentralized Protocol

Key Points: 
  • OKX Wallet is Now Integrated with Looper, a Decentralized Protocol
    OKX Wallet is now integrated with Looper , a decentralized protocol that aims to offer an easy-to-use solution for holders of LSD ETH (starting with stETH, with plans to support more LSD assets) to enhance their LSD yield exposures.
  • With this integration, OKX Wallet users can access Looper to create a vault, deposit stETH and mint synthetic asset (LETH) on a 1:1 basis, via web extension.
  • The portal, which can be accessed via the Discover section on OKX Wallet on web, gathers over 10,000 dApps, DEXs, blockchain games, NFTs and supplementary tools.
  • OKX Wallet is a powerful, secure and versatile crypto wallet which gives users access to over 70 blockchains while allowing them to take custody of their own funds.

Bitget Wallet Introduces ETH Staking With Up To 10% Yield And Zero Gas Fee through Subsidy

Retrieved on: 
Friday, August 25, 2023

Bitget Wallet's ETH Staking leverages the power of the Lido.fi protocol to allow users to participate in Ethereum Proof-of-Stake (PoS) seamlessly.

Key Points: 
  • Bitget Wallet's ETH Staking leverages the power of the Lido.fi protocol to allow users to participate in Ethereum Proof-of-Stake (PoS) seamlessly.
  • By staking their ETH, users contribute to the security and decentralization of the Ethereum network, all while earning attractive staking rewards.
  • The most significant advantage of Bitget Wallet's ETH Staking is its ability to enhance the product experience, ensuring a smooth and user-friendly interface while providing high returns.
  • Furthermore, Bitget Wallet simplifies the acquisition of stETH tokens by allowing users to trade any token on Ethereum and other chains on its Bitget Swap platform.

Merkel Tree-based Proof of Reserves Data released with New Assets stUSDT and stETH 

Retrieved on: 
Tuesday, August 22, 2023

Singapore / August 15, 2023 / The latest Merkle tree asset proof data in August 2023 includes an update on ETH & stETH and USDT & stUSDT.

Key Points: 
  • Singapore / August 15, 2023 / The latest Merkle tree asset proof data in August 2023 includes an update on ETH & stETH and USDT & stUSDT.
  • The available information includes reserve ratio, Huobi wallet's assets, and Huobi's user assets.
  • Huobi will regularly conduct Proof of Reserve audits to ensure users that their assets are safeguarded.
  • The Merkle Tree contains the encrypted data of assets held by all users in the exchange.

Flash News: OKX Lists Lybra Finance's LBR Token on its Spot Market

Retrieved on: 
Wednesday, August 16, 2023

OKX has listed LBR, the native token of decentralized protocol Lybra Finance , on its spot market on August 16 at 07:00 (UTC).

Key Points: 
  • OKX has listed LBR, the native token of decentralized protocol Lybra Finance , on its spot market on August 16 at 07:00 (UTC).
  • This addition enables users to trade LBR against USDT - and vice versa - via the LBR/USDT spot pair.
  • Deposits for LBR were enabled earlier today at 01:00 (UTC), while withdrawals for the token will be enabled at 10:00 (UTC) on August 17.
  • LBR is the native token that fuels Libra Finance, a decentralized protocol.

Hope.money Partners with Cobo to Expand its Distributed Reserve Network

Retrieved on: 
Friday, August 4, 2023

This partnership represents a significant milestone in the decentralization of Hope.money's reserve network.

Key Points: 
  • This partnership represents a significant milestone in the decentralization of Hope.money's reserve network.
  • From custodial wallets to non-custodial solutions including advanced multi-party computation (MPC) and smart contract-based custody, Cobo empowers institutions to secure and manage their digital assets their way.
  • The partnership enables Hope.money to experiment on the possibility to include stETH to its pool of reserve alongside the existing BTC and ETH.
  • While holding ETH alone does not generate this portion of income, the partnership with Cobo will potentially benefit all parties within the ecosystem.