Tag

Lido

All articles tagged with #lido

technology2 years ago•2 min saved

AWS Outages Impact Major Websites, But Ethereum Remains Stable.

Amazon Web Services (AWS) experienced a minor outage in the US, but it did not significantly impact the Ethereum network nodes, which largely rely on AWS hosting. However, Ethereum's high reliance on AWS is a worrying sign for the decentralization of the network. Ethereum advocate Evan Van Ness noted that the impact may have been more significant if the outage was in Europe due to the amount of Ether staked on Lido, which is currently around 7.1 million or 35% of the total.

via Cointelegraph|

#aws #cloud-hosting #decentralization

cryptocurrency2 years ago•3 min saved

"Ether's Rally Continues After Ethereum Upgrade and Breaks into Top Ten Crypto List"

Ether and other alternative cryptocurrencies, including Dogecoin, saw gains as the "alt season" narrative heats up on Crypto Twitter. The successful Shapella upgrade on Ethereum allowed users to stake and unstake tokens from the network at will, improving the network's overall outlook. Governance tokens of liquid staking protocols, such as Lido's LDO and Rocket Pool's RPL, saw outsized gains. Lido's staked ether tokens (STETH) climbed into the top ten cryptocurrencies by market capitalization of $12 billion.

via CoinDesk|

#alt-season #cryptocurrency #dogecoin

cryptocurrency2 years ago•1 min saved

Ethereum's Shanghai Upgrade Eases Selling Pressure, Promising Potential Increase.

On-chain analytics platform CryptoQuant believes that the upcoming Shanghai upgrade for Ethereum, which will allow the unstaking of Ethereum on April 12th, is unlikely to trigger above-normal selling pressure. This is because most of the staked Ethereum is currently at a loss, meaning that the selling pressure is likely to be lower than expected. Additionally, a significant portion of the deposits made by the Lido pool is currently underwater. Over 16.5 million Ethereum is currently staked, which is approximately 14% of the total supply.

via The Daily Hodl|

#cryptocurrency #cryptoquant #ethereum