There is rarely a dull moment in the crypto market.
This is thanks to the Shanghai upgrade expected in a few months, which will enable withdrawals of staked ETH," pseudonymous analyst CroissantEth tweeted. "
Liquid staking protocols remove the opportunity cost by issuing a derivative token that represents the claim on the locked coins and rewards earned.
That's evident from the profoundly negative funding rates or costs incurred for holding bullish long or bearish short positions in the perpetual futures contracts tied to LDO.
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Source: Coindesk
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