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Ethereum Upgrade Expectations Fuel Liquid Staking Token Growth
Governance tokens of liquid staking derivatives continue to outpace other digital assets as anticipation for Ethereum’s upcoming Shanghai upgrade grows. Shanghai, expected to launch sometime next month, is set to allow validators to withdraw staked ether from the Beacon Chain — some of which has been locked up for over three years. Associated protocols and assets representing staked ETH are outgunning most other digital assets on the day, as well as on a year-to-date basis. Liquid staking solution Lido DAO (LDO) clinched a near 9% gain as of 7 p.m. ET. Frax Share (FXS) — the governance token of the Frax ... (full story)