騎波浪：以太坊，defi和液體樁衍生物（LSDS）激增

探索以太坊，DEFI和液體含有衍生物（LSD）的動態交集。發現關鍵趨勢，洞察力以及驅動這一財務領域的原因。

Riding the Wave: Ethereum, DeFi, and the Liquid Staking Derivatives (LSDs) Surge

騎波浪：以太坊，defi和液體樁衍生物（LSDS）激增

The Ethereum ecosystem is buzzing, and LSDs (Liquid Staking Derivatives) are at the heart of it. They're changing the game in DeFi. Let's dive into the latest trends and insights.

以太坊生態系統正在嗡嗡作響，LSD（液體含有衍生物）是其核心。他們正在更改defi。讓我們研究最新的趨勢和見解。

What's the Deal with LSDs?

LSD有什麼關係？

LSDs are tokens representing staked crypto assets, allowing users to keep their liquidity while still earning those sweet staking rewards. Think of it as having your cake and eating it too! With a combined TVL (Total Value Locked) of $21.6 billion, it's clear LSDs are no passing fad.

LSD是代表固定加密資產的代幣，使用戶能夠保持流動性，同時仍能獲得那些甜蜜的折扣獎勵。可以將其視為吃蛋糕，也吃它！ TVL的組合（總價值鎖定）為216億美元，很明顯，LSD並沒有通過時尚。

Ethereum's Role: The Merge and Beyond

以太坊的角色：合併和超越

Ethereum's shift to Proof-of-Stake (PoS) via 'The Merge' was a catalyst. Now, you can stake ETH for rewards (projected at 3-6% annually). But staked ETH was locked up, creating inefficiency. Enter LSDs! They let you use your staked ETH in DeFi for even MORE yield through lending, liquidity pools, and trading.

以太坊通過“合併”轉移到股份證明（POS）是催化劑。現在，您可以將ETH享受獎勵（每年預計為3-6％）。但是staked eth被鎖定，效率低下。輸入LSD！他們讓您在Defi中使用固定的ETH通過貸款，流動性池和交易來獲得更多的收益。

The Shanghai Upgrade: Unlocking Potential

上海昇級：解鎖潛力

The Shanghai upgrade made things even better by enabling ETH withdrawals via a queue, easing liquidity concerns. LSD platforms saw adoption spike. These platforms usually charge a 5-10% commission on staking rewards, a smart business model supporting ongoing development.

上海昇級通過隊列使ETH撤離，從而緩解流動性問題，從而使事情變得更好。 LSD平台看到了採用峰值。這些平台通常收取5-10％的佣金，這是一種支持持續發展的智能業務模型。

Lido Finance: The Big Kahuna

利多金融：大卡胡納

Lido Finance dominates with over 4.64 million ETH staked, roughly $7.19 billion. Their stETH token accrues staking rewards. A wrapped version, wstETH, simplifies DeFi integration. Lido holds 72.9% of the liquid staked ETH market and 31% of all ETH staked on Ethereum. However, centralization concerns loom as they approach the 33% threshold that could impact network security.

Lido Finance佔據了超過4640萬ETH的統治權，約有71.9億美元。他們的steth token積累了獎勵。 WSTETH的包裝版本簡化了Defi集成。 Lido持有液體固定的ETH市場的72.9％，而將所有ETH的31％放在以太坊上。但是，集中化涉及織機，因為它們接近33％的閾值，這可能會影響網絡安全性。

Other Players in the Game

遊戲中的其他玩家

Rocket Pool emphasizes decentralization, letting users stake ETH with only 16 ETH plus RPL (their governance token). Frax Finance is also making waves, offering frxETH with potentially higher yields. Newer entrants like StaFi and Stader are also vying for a piece of the pie.

Rocket Pool強調權力下放，讓用戶僅使用16張ETH加RPL（其治理令牌）股權ETH。 Frax Finance也在造成波浪，為FRXETH提供了潛在的產量。像Stafi和Stader這樣的較新的參賽者也正在爭奪一塊餡餅。

The DeFi Transformation

Fefi轉換

LSDs are reshaping DeFi by allowing users to generate multiple income streams from staked assets. Platforms like Pendle Finance are even tokenizing and trading yield, expanding the utility of staked assets. Innovation is the name of the game!

LSD通過允許用戶從儲存資產產生多個收入流來重塑DEFI。 Pendle Finance之類的平台甚至是令牌和交易產量，從而擴大了固定資產的效用。創新是遊戲的名稱！

Pendle Finance: Trading Yields Like a Boss

Pendle Finance：交易產量像老闆一樣

Pendle's total value locked has hit a record $8.27 billion, and their native token, PENDLE, jumped 45% recently. Their new yield-trading platform is turning heads. Activity on Pendle’s Arbitrum deployment has spiked, with active addresses soaring.

彭德爾（Pendle）的總價值鎖定達到了創紀錄的82.7億美元，他們的祖國代幣彭德爾（Pendle）最近上漲了45％。他們新的屈服平台正在轉頭。 Pendle仲裁部署的活動已經飆升，主動地址飆升。

Final Thoughts: Ride the Wave, But Stay Smart

最終想法：騎浪潮，但要保持聰明

The LSD market is hot, offering exciting opportunities. As the market evolves, remember to weigh factors like yield rates, liquidity, decentralization, and platform risk profiles. It’s a wild ride, but with a little savvy, you can navigate it like a pro. Now, go forth and DeFi!

LSD市場很熱，提供了令人興奮的機會。隨著市場的發展，請記住稱重諸如收益率，流動性，分散和平颱風險概況等因素。這是一個瘋狂的旅程，但是有點精明，您可以像專業人士一樣瀏覽它。現在，前進並進行defi！