$74,166.00
9.03%$2,601.25
7.89%$4.04
6.56%$589.02
6.23%$182.49
14.91%$0.998427
-0.20%$0.206422
26.93%$0.532894
5.43%$2,588.86
7.49%$0.162165
-0.32%$0.356454
7.96%$4.81
3.63%$0.00001932
11.43%$74,209.00
9.16%$3,002.52
5.22%$26.00
13.95%$2,604.63
8.05%$11.62
12.01%$365.94
10.76%$2.23
19.65%$1.002
0.14%$6.08
0.31%$69.23
4.76%$4.13
13.35%$8.02
17.17%$2,737.17
7.95%$9.06
11.15%$0.00000948
17.39%$7.89
11.53%$502.93
19.38%$1.33
17.35%$0.117049
11.69%$160.45
0.63%$19.17
7.85%$0.096383
5.57%$1.004
0.24%$19.35
2.28%$1.66
12.34%$0.318687
8.01%$1.017
1.79%$2.39
21.04%$38.72
3.69%$150.02
13.93%$3.56
7.72%$0.077365
9.01%$0.520181
8.86%$0.584761
5.66%$1.15
7.92%$1.51
10.52%$4.89
13.73%$4.63
8.47%$0.04906694
13.42%$18.92
14.16%$0.643631
16.65%$5.19
18.38%$4.38
10.65%$0.02129904
9.80%$1.17
5.83%$2,572.94
6.75%$0.375048
10.27%$0.00002164
18.83%$0.148019
11.57%$1.43
14.39%$2,886.64
7.22%$1.003
15.28%$0.00013744
14.45%$0.365497
11.87%$1.40
8.84%$2,722.71
7.92%$1.96
15.64%$1.17
12.84%$73,281.00
7.76%$8.80
4.99%$9.31
4.51%$0.386835
18.16%$6.31
11.98%$1,187.51
3.31%$0.119766
7.37%$0.679599
12.49%$50.18
9.84%$222.72
13.90%$74,096.00
8.22%$2,673.80
8.15%$14.71
11.94%$0.01956228
17.03%$1.053
10.28%$3.53
6.60%$0.091123
18.48%$2.70
0.49%$60.49
6.47%$0.01684778
10.84%$0.318006
7.85%$0.00000213
20.69%$1.24
16.36%$0.00000085
5.46%$0.875863
11.61%$0.525676
9.31%$0.992273
-0.79%$0.02027679
14.29%$74,100.00
8.82%$0.00906173
14.72%$2,610.56
8.46%$4.71
14.46%$0.36562
8.06%$9.51
3.20%$0.995219
-0.46%$1.015
11.08%$4.74
9.33%$0.797416
18.99%$0.122805
3.08%$72,918.00
7.22%$0.704119
49.76%$33.74
10.33%$0.07429
16.71%$73,648.00
8.40%$189.86
13.95%$9.68
8.01%$24.54
9.51%$2,744.74
0.36%$0.443436
7.44%$0.146476
13.04%$0.00003389
8.78%$0.01301643
6.40%$1.021
7.38%$0.00644541
11.83%$1.00
0.32%$0.643143
7.54%$0.969127
7.37%$2,614.94
8.54%$0.00147042
13.57%$0.00883848
19.43%$0.510343
11.82%$0.217762
8.60%$2,667.59
7.77%$0.716545
10.15%$0.249793
8.99%$38.46
3.68%$2.36
9.03%$1.29
17.39%$0.01260607
9.22%$217.46
5.35%$0.00816506
14.69%$16.60
10.34%$0.292663
9.44%$0.060193
9.69%$1.005
0.37%$2,750.15
0.41%$1.83
13.61%$2,598.32
7.88%$1.056
4.10%$0.078581
0.98%$2,828.48
8.32%$2.68
13.27%$1.39
10.23%$0.436598
15.67%$1.005
0.87%$0.00009079
8.29%$0.00000023
14.44%$1.70
6.71%$0.127952
10.01%$1.86
22.25%$8.01
9.24%$1.39
9.68%$0.976984
8.29%$0.06546
9.78%$0.00431375
25.42%$0.425662
23.34%$0.433132
20.19%$2,553.14
5.78%$0.00000042
-1.57%$0.212339
15.52%$73,705.00
8.49%$2,595.61
7.77%$183.45
14.45%$1.084
1.68%$0.054884
9.61%$0.995036
-0.26%$1.063
-0.37%$0.968877
4.13%$0.02655355
-0.73%$0.113788
8.79%$95.95
6.95%$22.71
6.89%$2,612.16
8.42%$43.35
5.04%$0.204878
26.35%$2,599.15
7.86%$0.129461
8.87%$0.03900574
6.65%$3.29
8.31%$0.00
10.61%$0.06999
17.14%$10.09
9.94%$0.985837
-1.55%$0.33002
10.63%$0.01185499
12.71%$0.052256
7.56%$7.07
11.10%$0.998988
-0.20%$3.19
17.11%$0.606635
10.45%$2,783.17
8.04%$0.18061
12.50%$0.00630057
12.89%$2,715.70
7.95%$0.664206
4.14%$0.761754
4.76%$0.605519
8.99%$3.10
16.47%$0.246519
7.88%$2,856.34
7.70%$1.28
10.21%$0.248665
9.72%$1.43
12.53%$0.298843
9.17%$3.61
14.31%$0.0036818
6.52%$73,828.00
8.88%$1,500.29
9.86%$0.00164008
11.49%$74,105.00
8.96%$0.294706
18.55%$2.41
3.85%$0.418636
9.66%$1.39
11.66%$73,927.00
8.72%$0.00055851
13.29%$2.21
17.74%$2,731.10
7.27%$0.02813007
2.12%$22.89
6.12%$0.00085718
24.39%$0.368952
-2.81%$0.01408366
8.91%$73,872.00
8.55%$0.308568
9.50%$2.76
4.81%$3.48
4.47%$0.478377
18.14%$16.71
10.44%$0.310754
10.57%$15.68
-0.31%$0.63599
5.84%$6,120.23
-2.38%$0.00442667
4.92%$2,858.74
4.35%$0.46219
24.27%$23.00
2.78%
The upgrade from the existing Ethereum network to the Ethereum 2.0 blockchain has been much anticipated as it promises to reduce network congestion and lower fees. But it came with a big caveat: While Ethereum users had to lock up or “stake” ETH tokens in a smart contract before the network could launch, those tokens can’t be moved until subsequent upgrades of the protocol.
A newly launched innovation from Curve Finance, however, aims to make it easier for ETH holders to simultaneously support the fledgling proof-of-stake network while staying liquid.
The starting point is Lido’s staking service, which launched in October. It allowed people to stake ETH and receive stETH, an asset of equal value, in return so that they could essentially stake ETH and use it too.
Lido also raised $2 million in funding in December from venture capital firms and DeFi developers including Stani Kulechov of the Aave lending protocol and Kain Warwick of the derivatives protocol Synthetix.
One problem: While stETH matches native ETH in value, not all protocols are set up to handle the new asset, so stETH holders couldn’t always utilize the growing list of decentralized finance applications for Ethereum—automated financial protocols that can issue loans, swap between digital assets, and provide interest on deposits.
So Curve Finance, known for its cost-effective swaps between dollar-pegged stablecoins and other alike assets, announced today the launch of a new “trading pool” between native ETH and stETH. The pool will allow users to swap between the two digital assets with minimal price slippage.
That means stETH holders can swap for ETH to get in on the DeFi action today, then swap back into stETH to claim their staked ETH and any accrued rewards when the next Eth2 version is released, whenever that may be.
Finally staked ETH pool (with @lidofinance) is up! Teleport between ETH1 and ETH2 at any timehttps://t.co/AY6qE8ZQYZ
— Curve Finance (@CurveFinance) January 5, 2021
This and other innovations can’t have hurt Eth2’s push to $2 billion in stake Ether.
The new Curve pool is a welcome step forward for those looking to support the ongoing development of the Ethereum ecosystem while taking advantage of the DeFi protocols that use it today. The rapid integration of the new stETH asset into the existing Curve DeFi protocol shows off the growing power of Ethereum’s network effect and the remarkable level of coordinated development decentralized protocols can achieve.
