Liquid staking provides all of the benefits of traditional staking services while unlocking the value of staked assets for use as collateral across the DeFi ecosystem.

The volume of liquid staking protocols has dramatically risen in the past couple of weeks, overtaking decentralized exchanges (DEXs). From April 13 to May 1, the total value locked (TVL) on decentralized exchanges declined by $1.66 billion, while it increased on liquid staking protocols by $280 million.

PancakeSwap partnered with Binance Earn to offer the liquid staking integration for the WBETH (Wrapped Beacon Ethereum) token!    With this integration, PancakeSwap now offers the easiest and most convenient way to stake ETH. By converting your ETH directly to WBETH, you’ll receive ETH staking rewards and you can also use WBETH to transfer, trade and use on other platforms.

April 23 (Cointime) - Ether.Fi, a non-custodial liquid staking platform, has announced that it will be launching its mainnet during the week of May 1st. The platform's total locked volume (TVL) has surpassed 38 million US dollars.

The platform's total locked volume (TVL) has surpassed 38 million US dollars.

Leading liquid staking provider Lido has announced a groundbreaking collaboration with OKX Wallet, an all-encompassing crypto wallet designed for multiple platforms.

Agility, a liquid staking platform that incentivizes deposits of ether and liquid staking tokens, has experienced significant growth in recent weeks, with almost $400m flowing into its staking pools in the past week, according to blockchain analytics firm Nansen. The company's total value locked increased more than 643% to $467m since April 12, while its token AGI has jumped roughly 185% to 53 cents, making its market capitalization stand at $7.5m, according to CoinMarketCap. However, security detection platform GoPlus noted two "attention items" related to the code for the AGI token.

The Ethereum Merge transitioned the Ethereum network to a proof-of-stake consensus mechanism.

Liquid Staking is a relatively new concept in the cryptocurrency industry that aims to provide liquidity and flexibility to staked assets on blockchain networks. Staking involves holding cryptocurrency tokens as collateral to support the network's operations and earn rewards.

Interest in Ethereum staking has surged as the Shanghai Upgrade approaches, with 15% of all Ethereum supply now being staked, according to Lido. This interest has positively impacted the Liquid Staking Derivative (LSD) space, with protocols such as Lido, Frax Finance, and Rocket Pool benefitting. Lido dominates the space, with 31.4% of all staked ETH deposited through the protocol. Other protocols, such as Frax Finance and Rocket Pool, also stand to benefit from the attention on LSDs. Each protocol's token, LDO, RPL, and FRAX, has seen a rise in interest, with their market caps increasing over the last few days. (ambcrypto)