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Which do you think is a bigger risk; LPs or sports betting?
What are your thoughts on wrapped tokens?
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tldr; Jump Trading has deposited $231 million worth of Ethereum (ETH) to various centralized exchanges (CEXs) over the past 10 days. This activity is part of a broader set of transactions that include redeeming 83,091 WSTETH into 97,600 STETH, unstaking 86,059 STETH from Lido Finance, and still holding significant amounts of WSTETH and ETH. The deposits were made to exchanges such as Binance, OKX, Bybit, Coinbase, and Gateio. Currently, Jump Trading's holdings include around 37.6K WSTETH and 21K ETH, with an additional 11.5K STETH in the unstaking process. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
>you would still be holding WSTETH or rETH and you could trade that back on the market. No, it would obviously be worth much less, depending on how much of the staked ETH was drained from the pool. The price would collapse, it doesn't matter which wallet you use to interact with the smart contract!
No. You’re in full custody of the staked ETH and can un-stake whenever you want back to ETH. Even if the staking pool somehow got hacked, you would still be holding WSTETH or rETH and you could trade that back on the market.
tldr; An ETH investor recently turned $7,000 in ETH they received in 2014 into $27 million worth of another crypto asset. The ETH investor traded 22,340 ETH for 20,544.14 WSTETH on the last day of 2022. The investor received 150,000 ETH in total at the ETH ICO price of about $0. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
I use Loopring for my ETH (staking WSTETH) and LRC (staking coming soon). I store my NFTs there. They're still building every day and the team is open. One downside is that there's no off ramp yet, so if you need money you need to layerswap your coins to a CEX, but for me it's no problem because i will not sell my ETH nor LRC soon.
Well you can usually swap your stakes ETH for ETH. Like rETH for ETH. On Loopring, I push redeem and it gives me back my ETH from WSTETH, plus my staking rewards.