LSDx Finance’s TVL Goes Over $100 Million in 48 hours
On March 18th, it was reported that the total lockup value (TVL) of the LSD super liquidity agreement LSDx Finance has increased by over 55000 ETHs (approximately $100 million) in the past 48 hours, currently reaching 61954.507 ETHs.
Data: LSDx Finance has increased TVL by over 55000 ETHs in the past 48 hours
Analysis based on this information:
The world of cryptocurrency is one that never ceases to make headlines. The latest news is on LSDx Finance, a super liquidity agreement whose TVL has seen an increase by over 55000 ETHs in just 48 hours. As of March 18th, the current TVL is now 61954.507 ETH, equivalent to $100 million.
LSDx Finance, also known as Liquidity for Stablecoins and Derivatives, is a decentralized financial protocol that allows users to trade on-chain synthetic assets while offering high liquidity through the issuance of stablecoins. It is built on the Binance Smart Chain and aims to provide users with fast and secure transactions at minimal fees. The platform’s growth has been remarkable, having started just a few months ago.
The increase in the TVL of LSDx can be attributed to many factors, including the recent surge in cryptocurrency prices, especially Ethereum, which has been on a steady upward trajectory. This rise in demand for ETH and stablecoins, which traders use for hedging, has significantly contributed to LSDx Finance’s growth, resulting in its TVL hitting its current mark. Additionally, the platform’s unique features and benefits, such as its high yield farming and lending capabilities, have attracted more users, leading to the upsurge.
The LSDx Finance team has expressed excitement over the growth and has promised to continue innovating and developing new solutions to keep up with the ever-changing trends in the world of cryptocurrency. They believe that their platform’s success is a testament to the need for decentralized finance and the potential barrier it can help break.
In conclusion, the growth in TVL for LSDx Finance is a landmark achievement that has captured the attention of many in the cryptocurrency world. It shows the potential of decentralized financial protocols and the impact that they can have on traditional financial systems. Furthermore, it is a step forward for a platform that aims to make trading in stablecoins and derivatives more accessible to all.
This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/6147/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
Meta prepares for a new round of layoffs amidst restructuring plans
It is reported that Meta is preparing to carry out a new round of layoffs, and entrusts human resources, lawyers, financial experts and senior executives to ma…
-
Djed Stablecoin on Cardano Chain Outperforms USDC Despite Market Fluctuations
It is reported that according to the data of coinmarketcap, the stable currency Djed on the Cardano chain has gained a premium higher than the market performance under the recent fluctuation of the US dollar stable currency USDC, even reaching US $1.08 at one time, and has now fallen slightly to US $1.02. In addition, the direct price difference between USDT and Djed has reached about 1%, while the trading volume has also continued to increase. The data also shows that Djed’s current reserve is about 33.28 million ADAs, the mortgage rate is 428%, and the fully diluted market value reaches 1018522837484 dollars. （u.today） The premium of the stable currency Djed on the Cardano chain once rose to $1.08 Analysis based on this information:The recent fluctuations of the US dollar stable currency (USDC) have highlighted the outstanding performance of the Djed stablecoin on the Cardano chain. According to data from coinmarketcap, Djed has gained a premium higher than the market…
-
Circle joins the LOT Network to protect it from patent litigation
According to reports, stable currency issuer Circle has joined the LOT Network, a non-profit organization that aims to prevent patent hooligans, to protect it from patent lawsuits.
-
The Discord server of the cross chain trading platform zkLink has been hacked
It is reported that according to CertiK monitoring, the Decord server of the cross chain trading platform zkLink has been invaded, and a hacker has released a phishing link. Do not
-
The Rise of Bitcoin: How US Central Bank’s Measures are Fueling the Price Surge
On March 21st, a recent article by Bitfinex stated that the price of Bitcoin had risen significantly, driven by the US Central Bank\’s measures to restore financial stability. On Ma
-
#The Whale That Shook the Cryptocurrency Market: The ETH/STOCH Liquidity Shock
On April 16th, according to Twitter user residue monitoring, more than 40 minutes ago, a giant whale removed $48 million in ETH/STOTH liquidity from Curve and subsequently transfer
-
Bank of America to Acquire Signature Bank?
On March 18th, billionaire investor Bill Ackman posted a message on social media saying that Bank of America had planned to step in and acquire the troubled Signature Bank. It is expected to release relevant information next Monday. Data shows that the current market value of Bank of America is estimated to be approximately $222 billion. So far, neither Bank of America nor Signature Bank has responded to this matter. （cryptoslate） Bank of America may acquire Signature Bank Analysis based on this information:Billionaire investor Bill Ackman caused a stir on social media on March 18th when he claimed that Bank of America was planning to acquire troubled bank, Signature Bank. The news has yet to be confirmed, but Ackman stated that more details were expected to be released on Monday. The possibility of an acquisition is not surprising given the current state of the banking industry. Many banks are struggling with the aftermath of the COVID-19 pandemic, as well as…
-
What is the highest price of Bitfaith coin (Bitfaith Messenger Mining Scam)?
What is the highest price of Bitfaith coin? What is Bitfaith coin, its concept,
-
Cryptocurrency Custody Company Coping with Increasing Financial Control
On March 1, the cryptocurrency custody company Copper is negotiating to recruit a new CFO. At present, the financial control of the industry has been subject t…
-
The market value of Binance USD fell below $8 billion
According to the latest data from Coinsecko, after the destruction of 119.9 million Binance USD (BUSD) in Paxos Treasury, the market value of BUSD has fallen below $8 billion, comp
-
The Failure of the Banking Industry: A Lesson for All
On March 9, Adam Cochran, partner of Cinneamhain Ventures, tweeted that the failure of Silvergate was not due to the risks or illegal acts related to cryptocur…
-
Polygonscan Breaks Down Temporarily, but Polygon Claims No Interruption in Block Production
It is reported that the Polygon block browser Polygonscan broke down for several hours on Wednesday. The browser is used to monitor and analyze the activities …
-
Bitcoin Unconfirmed Transactions – What You Need to Know
According to reports, BTC.com data shows that there are currently 18424 unconfirmed transactions across the Bitcoin network, with a computing power of 352.54 EH/s and a 24-hour tra
-
#Phi Labs Appoints Dan Edlebeck as Ecosystem Director for Archway: A Review
On April 29th, according to the LinkedIn page, Phi Labs, a contributor to the Cosmos based developer incentive agreement, Archway, has appointed Dan Edlebeck, the former market lea
-
Injective Protocol Makes Significant Gains in$INJ
On April 17th, according to market data, INJ (Injective) briefly broke through $9.5 and is now quoting $9.48, a 24-hour increase of 10.71%.
INJ (Injective) broke through $9.5 in th -
Ensuring Compliance in the Cryptocurrency Market
According to reports, Gary Gensler, chairman of the Securities and Exchange Commission (SEC), said that since ancient times, the financial world has been based…