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MakerDAO's WSTETH Vaults See Surge in Interest and Adoption, Surpassing ETH as Primary Collateral for DAI Generation

MakerDAO's wstETH has seen a surge of interest in its vaults, with the WSTETH-B vault holding an impressive 309 million DAI and the WSTETH-A vault accumulating 221 million DAI. The RETH-A vault also recorded a substantial amount, with 21 million DAI.

This trend has positive implications for MakerDAO as it demonstrates the protocol's ability to cater to users seeking exposure to staking rewards while leveraging their staked assets as collateral for generating DAI.

Additionally, the prominence of LSD-based assets has reached a noteworthy stage, where wstETH has exceeded ETH as the primary crypto collateral for generating the highest amount of DAI debt on the MakerDAO protocol.

Ethereum Ethereum $3,014.44
+4.05%
MakerDAO Dai
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