骑波浪：以太坊，defi和液体桩衍生物（LSDS）激增

探索以太坊，DEFI和液体含有衍生物（LSD）的动态交集。发现关键趋势，洞察力以及驱动这一财务领域的原因。

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

骑波浪：以太坊，defi和液体桩衍生物（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.

以太坊生态系统正在嗡嗡作响，LSD（液体含有衍生物）是其核心。他们正在更改defi。让我们研究最新的趋势和见解。

What's the Deal with LSDs?

LSD有什么关系？

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是代表固定加密资产的代币，使用户能够保持流动性，同时仍能获得那些甜蜜的折扣奖励。可以将其视为吃蛋糕，也吃它！ TVL的组合（总价值锁定）为216亿美元，很明显，LSD并没有通过时尚。

Ethereum's Role: The Merge and Beyond

以太坊的角色：合并和超越

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.

以太坊通过“合并”转移到股份证明（POS）是催化剂。现在，您可以将ETH享受奖励（每年预计为3-6％）。但是staked eth被锁定，效率低下。输入LSD！他们让您在Defi中使用固定的ETH通过贷款，流动性池和交易来获得更多的收益。

The Shanghai Upgrade: Unlocking Potential

上海升级：解锁潜力

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.

上海升级通过队列使ETH撤离，从而缓解流动性问题，从而使事情变得更好。 LSD平台看到了采用峰值。这些平台通常收取5-10％的佣金，这是一种支持持续发展的智能业务模型。

Lido Finance: The Big Kahuna

利多金融：大卡胡纳

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占据了超过4640万ETH的统治权，约有71.9亿美元。他们的steth token积累了奖励。 WSTETH的包装版本简化了Defi集成。 Lido持有液体固定的ETH市场的72.9％，而将所有ETH的31％放在以太坊上。但是，集中化涉及织机，因为它们接近33％的阈值，这可能会影响网络安全性。

Other Players in the Game

游戏中的其他玩家

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强调权力下放，让用户仅使用16张ETH加RPL（其治理令牌）股权ETH。 Frax Finance也在造成波浪，为FRXETH提供了潜在的产量。像Stafi和Stader这样的较新的参赛者也正在争夺一块馅饼。

The DeFi Transformation

Fefi转换

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通过允许用户从储存资产产生多个收入流来重塑DEFI。 Pendle Finance之类的平台甚至是令牌和交易产量，从而扩大了固定资产的效用。创新是游戏的名称！

Pendle Finance: Trading Yields Like a Boss

Pendle Finance：交易产量像老板一样

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.

彭德尔（Pendle）的总价值锁定达到了创纪录的82.7亿美元，他们的祖国代币彭德尔（Pendle）最近上涨了45％。他们新的屈服平台正在转头。 Pendle仲裁部署的活动已经飙升，主动地址飙升。

Final Thoughts: Ride the Wave, But Stay Smart

最终想法：骑浪潮，但要保持聪明

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市场很热，提供了令人兴奋的机会。随着市场的发展，请记住称重诸如收益率，流动性，分散和平台风险概况等因素。这是一个疯狂的旅程，但是有点精明，您可以像专业人士一样浏览它。现在，前进并进行defi！