Liquid Staking Derivatives (LSD) in the Crypto Industry: A Guide to Lido Finance, Rocket Pool, SSV, ANKR, And FIS.

HuobiPubblicato 2023-03-21Pubblicato ultima volta 2023-03-21

Introduzione

Liquid Staking Derivatives (LSD) is a new type of crypto asset that offers traders the opportunity to benefit from the rewards of staking without actually holding the underlying token. In this article, we’ll introduce the importance of LSD, the benefits of trading Liquid Staking Derivatives, and a quick overview of top LSD tokens available on Huobi.

Why LSD is Important:

The crypto industry is constantly evolving, and Liquid Staking Derivatives represent a new and innovative way for traders to participate in the crypto space. By allowing traders to stake but not necessarily holding the token,, LSDs offer a flexible and convenient way for traders to benefit from the rewards of staking.

Benefits of LSD:

There are several benefits of this asset class but today we will only highlight a couple of them below.

1. Increased liquidity: LSD allows investors to earn rewards from staking activities without having to lock up their assets for a long period of time. This increased liquidity can provide traders with more flexibility and opportunities to trade and earn rewards.

2. Higher returns: LSD can provide higher returns compared to traditional staking methods as the rewards are based on the price movements of the underlying assets in the liquidity pool. This means that traders can earn rewards not only from staking, but also from the appreciation of the assets in the pool.

Top LSD Tokens Available on Huobi:

1. Lido (LDO): Currently ranked #39 on CoinGecko with a market capitalization of $1,713,379,967, and a total value locked of $8.25b.

Lido is the current leader within LSD’s known as a decentralized platform that provides staking and liquidity services for decentralized finance (DeFi) applications. Lido’s goal is to provide a seamless and secure way for users to participate in the DeFi ecosystem and it has a huge market as of right now which is 74% per Defi Llama. It has no minimum for stakers as of right now.

LDO is the native token of the Lido ecosystem. The main use case of LDO token is for its holders to receive the governing rights as one LDO is counted as one vote. The more LDO tokens you hold, the more voting power you will have. Furthermore, the voting mechanism of the LDO token is adjustable and operable to other protocols.

2. Rocket Pool (RPL): Currently ranked #63 on CoinGecko with a market capitalization of $743,738,881, and total value locked of $629.48m.

Rocket Pool is a decentralized platform that provides staking services for Ethereum 2.0. It aims to make staking more accessible for smaller investors by pooling their resources and increasing their chances of being selected as a validator. With Rocketpool, users can earn rewards for participating in Ethereum 2.0 consensus without having to invest in expensive hardware or worry about the technicalities of staking.

RPL tokens are used by node operators to vote on protocol governance and serves as a form of insurance against staker and validator penalties or cuts. The RPL is subject to a 5% annual inflation rate, currently distributed as follows: 70% for node operators staking RPL.

3. SSV Network (SSV): Currently ranked #203 on CoinGecko with a market capitalization of $743,738,881.

SSV Network is a decentralized platform that provides a wide range of services for the DeFi ecosystem. The platform offers staking, liquidity, and lending services, and it is designed to provide users with an easy and convenient way to participate in the DeFi space.

SSV tokens are used to pay fees in the network. In addition, SSV acts as a reward mechanism: — Miners receive SSV from distributors to manage their validators and generate ETH rewards on their behalf.

4. ANKR Network (ANKR): Currently ranked #168 on CoinGecko with a market capitalization of $233,718,195 and total value locked of $164.62m.

Ankr Network is a decentralized platform that provides staking and cloud computing services. Ankr aims to provide a secure and scalable infrastructure for decentralized applications and services.

ANKR is an utility token with more than one use case. It can be used for staking, voting on governance proposals, and as payment for accessing services on the ANKR network, such as dApp and protocol deployment. ANKR also serves as a reward for stakers and network participants.

5. Stafi (FIS): Currently ranked #684 on CoinGecko with a market capitalization of $24,580,332.

Stafi is a decentralized platform that provides staking and liquidity services for the DeFi ecosystem. FIS is designed to provide users with an easy and convenient way to participate in the DeFi space.

The FIS token is utilized in the system for staking, transactions, and on-chain governance. As per the website, FIS provides security to the network by staking, paying for transaction fees on the StaFi chain, minting, and redeeming rTokens.

In conclusion, Liquid Staking Derivatives (LSD) represent a new and exciting opportunity for traders in the crypto industry. With the benefits of staking and liquidity combined, LSD allows for flexible and profitable trading strategies that were not possible before. As always “do your own research before investing, in any crypto digital asset.”

Letture associate

Meta Follows the Trend into Prediction Markets: Can It Avoid Repeating the Failure of the Metaverse?

Meta, the tech giant behind Facebook, has reportedly formed a team to develop "Arena," a new application focused on prediction markets. Users would use platform points to place bets on outcomes in politics, sports, and global events. This move follows Meta's massive, nearly $900 billion, losses from its heavily-invested metaverse division, Reality Labs. The prediction market industry is already showing strong demand, with leading platforms like Kalshi and Polymarket facilitating hundreds of billions in annual volume. Meta, with its 3.56 billion daily active users across its apps, possesses the unprecedented scale to bring this niche activity to a mainstream audience, similar to its past success in cloning features like Stories and Reels. However, Arena faces significant hurdles. Meta plans to start with a points-based system to avoid strict financial regulations, but this may dilute the core incentive of accurate prediction that real-money markets provide. More critically, Meta enters the space with a major trust deficit stemming from its past regulatory battles, notably the failed Libra/Diem stablecoin project, and its controversial history with political content and misinformation. The prediction market sector itself is under increasing regulatory scrutiny, with recent CFTC actions including fines and the first-ever insider trading case. While Meta's vast user base offers a unique opportunity to expand the market, its success hinges on navigating complex regulations and rebuilding the credibility necessary for a platform dealing with sensitive topics like elections. The outcome could range from Meta dramatically growing the industry to Arena becoming a high-profile regulatory target before it can scale.

Foresight News17 min fa

Meta Follows the Trend into Prediction Markets: Can It Avoid Repeating the Failure of the Metaverse?

Foresight News17 min fa

Stock Soars 1200% on First Day, 80s Sales Engineer's Reversal: From Selling FRP to a Fortune of 29 Billion

On its first day of listing, Zhenbao Technology (stock code "N Zhenbao") surged by 1207%, marking itself as the second "ten-bagger" new stock of the year on the STAR Market. The closing price of 585 yuan propelled it into the top 20 of the A-share market by stock price. Dubbed the "first share of semiconductor consumables," the company is backed by a comprehensive shareholder list including National Integrated Circuit Industry Investment Fund Phase II, SMIC, BOE, and YMTC. Zhenbao's business model focuses on supplying critical consumable components like silicon rings and quartz parts to semiconductor fabs. Unlike expensive core equipment with low repurchase rates, these consumables require frequent replacement as long as production lines are running, generating stable recurring revenue—a key reason for its high market valuation. Founder Wang Bing, an 80s-born former sales engineer, built the company by identifying a supply chain vulnerability: foreign monopolies on high-purity materials led to high costs and unstable deliveries for domestic fabs. Zhenbao's strategy emphasized reliability and speed over absolute top-tier performance, offering products at about 50% of the price with 80% of the performance but 100% on delivery and responsiveness. To achieve this, the company vertically integrated its operations across "raw materials + components + surface treatment," ensuring supply chain control and cost reduction. Its clientele now spans major domestic fabs like BOE and Huahong, as well as international players like SK Hynix and Texas Instruments. However, risks accompany its rapid expansion. The IPO raised approximately 1.605 billion yuan primarily for capacity expansion, which will bring significant annual depreciation costs, potentially impacting future profitability. The company's growth is heavily reliant on sustained high levels of fab expansion, making it vulnerable to the semiconductor industry's cyclical downturns. Other concerns include high accounts receivable (70.83% of revenue at one point in 2025), heavy reliance on its top five customers (over 70% of sales), and questions about the stability and authenticity of its R&D investments, evidenced by volatile R&D headcount and unusual spikes in R&D energy consumption. While the "consumables story" commands a premium, long-term valuation will depend on maintaining high capacity utilization and healthy cash flow conversion.

marsbit23 min fa

Stock Soars 1200% on First Day, 80s Sales Engineer's Reversal: From Selling FRP to a Fortune of 29 Billion

marsbit23 min fa

Warsh Deals a Heavy Blow to the 'Dollar Devaluation Trade'! Gold Crashes, Bitcoin Slumps, How Long Can the Chip Frenzy Hold?

The "dollar devaluation trade" that dominated Wall Street this year is rapidly unraveling, driven by a hawkish pivot from Fed Chairman Kevin Warsh and a surging U.S. dollar. This double pressure has triggered a sharp sell-off in non-yielding assets. Gold broke below $4,000 an ounce, silver tumbled below $60, and Bitcoin fell under $60,000, with all retreating significantly from their earlier 2025 peaks. The dollar index hit a 14-month high. Warsh's emphasis on price stability has solidified market expectations for aggressive rate hikes, increasing the opportunity cost of holding assets like precious metals. Concurrently, massive fund flows are rotating out of metals and cryptocurrencies into the semiconductor sector, providing a temporary boost to stocks like Micron and SK Hynix. However, analysts warn this chip rally shows signs of a speculative top. Extreme volatility, with semiconductor stocks seeing trillion-dollar swings, is historically characteristic of major market turning points. Factors like month-end rebalancing, a flood of new equity issuance, and insider selling further signal potential exhaustion. While Micron's strong earnings briefly stemmed selling, it may offer a favorable exit point for remaining chip bulls. The sustainability of the semiconductor frenzy is now in serious doubt as the broader market reprices assets around a stronger dollar and tighter monetary policy.

华尔街日报31 min fa

Warsh Deals a Heavy Blow to the 'Dollar Devaluation Trade'! Gold Crashes, Bitcoin Slumps, How Long Can the Chip Frenzy Hold?

华尔街日报31 min fa

Micron Shuts Up the Bears, Makes India's 'Buffett' Regret: Sold Too Early, Missed Out on $2 Billion

Indian value investor Mohnish Pabrai, a disciple of Warren Buffett, revealed his costly mistake of selling shares in Micron Technology too early. He initially invested in 2017, holding it for six years and building a position as large as 77% of his portfolio, based on a thesis that the memory chip industry would consolidate into a stable oligopoly of Samsung, SK Hynix, and Micron. However, he sold his entire stake in September 2023, fearing oversupply after Samsung announced production expansion. Shortly after his exit, demand for high-bandwidth memory (HBM) surged with the rise of AI, and Micron's stock price skyrocketed over 15 times in two years. Pabrai estimates this premature sale cost him roughly $20 billion in potential gains. He expressed similar regret over selling his investment in SK Hynix too soon, stating he violated his own principle of holding companies forever. Reflecting on these errors, Pabrai emphasized his core investment checklist principles: avoiding leverage, focusing on the durability of a company's competitive moat, and assessing management's character. Despite these personal trading missteps, his long-term view on the remaining memory chip leaders remains bullish, advising current holders not to sell as "the party is just getting started." He concluded by sharing his philosophical outlook, prioritizing character over wealth, and his goal to donate his entire fortune before his passing.

marsbit1 h fa

Micron Shuts Up the Bears, Makes India's 'Buffett' Regret: Sold Too Early, Missed Out on $2 Billion

marsbit1 h fa

Mihoyo's Next Protagonist Is Her, Who Plays the Piano

Mihoyo, widely recognized for its hit game Genshin Impact, has long harbored a grander ambition: creating a virtual world where one billion people would want to live. While its character design is unparalleled, the company recognizes a fundamental limitation—these beloved virtual characters are not truly "alive." Their dialogue and actions are pre-scripted. This drive for authentic "living" characters has guided Mihoyo's strategic investments in cutting-edge fields like brain-computer interfaces, AI (including an early investment in MiniMax), and nuclear fusion. Following the release of ChatGPT in late 2022, co-founder Cai Haoyu stepped down from management to lead a new overseas AI venture, Anuttacon, focused on creating AI-driven virtual beings. Mihoyo's path has involved experimentation and iteration. Anuttacon's early project, *Whisper of the Stars*, showcased real-time AI conversation but revealed limitations in underlying language models. The team subsequently focused its resources on developing a sophisticated "emotional" large language model, distinct from purely utilitarian AI. Co-founder Liu Wei (Dawei) announced plans to invest up to 100 billion RMB in this AI pursuit. The first tangible product of this vision is *BSide: Olivia Lin*, a free Steam application featuring a piano-playing virtual companion. Unlike typical AI chatbots demanding constant interaction, Olivia Lin operates on a slower, more deliberate rhythm—responding to letters, playing user-submitted melodies, and serving as a desktop presence. This design emphasizes "lifelikeness" over exhaustive conversation, strategically working around current technological constraints while building a sense of authentic connection. The company's journey traces back to its name, "miHoYo," where "mi" pays homage to the virtual singer Hatsune Miku. For nearly two decades, fans have loved Miku, a character unaware of their devotion. Mihoyo's ultimate goal, now backed by massive investment and AI research, is to bridge that gap—to create virtual beings that can truly know they are loved.

marsbit2 h fa

Mihoyo's Next Protagonist Is Her, Who Plays the Piano

marsbit2 h fa

Trading

Spot

Futures