News

Ethereum staking rewards rise with leveraged stakers seeing 11% APR

2022/10/21 03:06

According to The Block, DeFi researcher Mika Honkasalo noted on Twitter that the seven-day moving average for annualized staking rewards on stETH, a liquid staking token backed by ether, has climbed to 5.5%. This is up from just 3.5% in September, according to data from Lido Finance. For those leveraging their staking rewards, through offerings such as icETH or ETHMAXI, APRs have shot up as high as 11%. The main cause for the rising yield is increased network activity, specifically in ways that result in higher fees for network validators. In particular, maximal extractable value (MEV) activity — where bots front-run transactions on the blockchain — has picked up, Honkasalo said.
bullishbullishbullishBullishbearishbearishbearishBearishLikeShare
DisclaimerThe content above does not represent HTX's positions.HTX does not provide any trading recommendations.

Related Articles

  • Image

    Research on the PayFi Sector: Tapping into the New Blue Ocean of Web3 Payments

  • Image

    Decentralized And Delightful: The Appeal Of Cutoshi (CUTO) Has ETH And SOL Investors Increasing Their CUTO Holdings

  • Lido community votes to bring stETH to Binance BNB Chain

All Comments0LatestHot

LatestHot
noContent

No records

Related Articles

  • Image

    Research on the PayFi Sector: Tapping into the New Blue Ocean of Web3 Payments

  • Image

    Decentralized And Delightful: The Appeal Of Cutoshi (CUTO) Has ETH And SOL Investors Increasing Their CUTO Holdings

  • Lido community votes to bring stETH to Binance BNB Chain