Liquid staking tokens (LSTs) are on track to replace Ethereum’s native cryptocurrency, Ether (ETH). While ETH currently stands at $1,869, the LST market has already reached an impressive value of approximately $17 billion since Ethereum’s Merge. The advantages of LSTs over traditional ETH are becoming increasingly evident to liquidity providers (LPs), signaling a new era of LST dominance. Following the Merge, ETH can be staked to yield around 4% annually, depending on various factors. This development is significant, considering ETH’s stability compared to more volatile cryptocurrencies. ETH now offers a combination of staking yields and gradual price stability and appreciation. … Continue reading Liquid Staking Tokens Poised to Dethrone Ethereum’s Ether (ETH) as Dominant DeFi Asset