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Staking
Chorus One’s bet on Urbit’s future growth is described by executives as a natural extension of the company’s staking services on blockchains including Ethereum, Solana, Cosmos and Polkadot.
The embattled crypto lender’s ETH staking maneuver could potentially lengthen the waiting time to activate new validators in the Ethereum network to 44 days, one observer noted.
Drop comes as the number of staked ether has surged.
Drop comes as the number of staked ether has surged.
The crypto project’s safETH token represents a basket of liquid staking tokens from Lido, Rocketpool and Frax.
If the governance vote passes, the latest iteration of Lido will come to the Ethereum blockchain, Lido’s biggest market.
Key metrics like total value locked (TVL) and the price of its AGI token have tumbled recently, following their post-Shapella runup.
Largest staking platforms for institutional investors recorded three times more new deposits than last month, early data shows.
The new feature will allow users to reap staking rewards without requiring them to serve as validators for the blockchain’s transactions.
The investment comes from Web3 investor Jump Crypto, crypto exchange Bybit and digital asset bank Sygnum.