ETH Stagnates at $2,120 as Staking Queue Hits 50+ Days
ETH Stagnates at $2,120 as Staking Queue Hits 50+ Days
🥱 ETH's 50-Day Wait
Market Status
ETH has remained flat at $2,120 for several months with no significant price movement.
Staking Dynamics
- Total ETH staked increased faster than anticipated
- Growth primarily driven by institutional players Grayscale and BitMine
- Entry queue extended to over 50 days since late January
Behavioral Shifts
The 'APR Maxi' segment (yield-focused stakers) decreased from 16% to 10% of the market following the KelpDAO incident. This suggests a more cautious approach among aggressive yield seekers.
Network Activity
Last month saw 84,300 ETH issued versus only 4,100 burned, indicating the network remains inflationary despite renewed staking interest. L2 dominance continues to suppress mainnet activity and fee burn.
Current Market Conditions • ETH stuck at $2,120 for months. • Total ETH staked grew faster than expected, mostly via Grayscale and BitMine. • Entry queue at 50+ days since the end of January. • 'APR Maxi' segment contracted from 16% to 10% following KelpDAO incident.
Lido DAO Approves Protocol Upgrades, Awaits Dual Governance Review
**Lido DAO has approved major protocol upgrades** that will enhance its staking infrastructure. The approved changes include: - Upgrading Community Staking Module (CSM) to v3 - Adding new Curated Module v2 on-chain - Built on Staking Router v3 The proposal is now under **Dual Governance review**. If no veto occurs, the upgrades will be deployed to mainnet. **No action required from stakers** - this is a protocol-level upgrade that will be implemented automatically. The vote passed after a governance window that ran July 15-17. Full details: [dao.lido.fi/vote/203](http://dao.lido.fi/vote/203)
Lido Completes Security Audits for Staking Router v3 and Community Staking Upgrades
Lido has published multiple security audit reports for its upcoming protocol upgrades: **Staking Router v3 & Community Staking V3:** - [Certora audit report](https://github.com/lidofinance/audits/blob/main/Certora%20Staking%20Router%20v3%20Audit%20Report%2007-2026.pdf) - [Statemind audit report](https://github.com/lidofinance/audits/blob/main/Statemind%20Staking%20Router%20v3%20Audit%20Report%2007-2026.pdf) **Easy Track Factories:** - [MixBytes audit report](https://github.com/lidofinance/audits/blob/main/MixBytes%20Lido%20Easy%20Track%20Factories%20(SRv3%20CSMv3%20CMv2)%20Security%20Audit%20Report%2007-2026.pdf) **Off-chain Oracle:** - [Composable Security consultation report](https://github.com/lidofinance/audits/blob/main/Composable%20Security%20Lido%20Oracle%20V8_0_2%20Security%20Consultation%20Report.pdf) Staking Router v3 introduces reallocated stake via consolidations, large validator deposit support, and streamlined validator management for improved protocol efficiency.
Lido Core Upgrade Completes Dual Security Audits
Lido has completed security audits for its Core upgrade, maintaining its standard practice of dual independent reviews. **What was audited:** - Smart contracts - Governance components - Off-chain infrastructure The protocol continues its track record of rigorous security practices, having conducted over 100 audits throughout its history with no user funds lost to date.
Aave Raises Supply Cap to Enable New Strategy
Aave has increased its supply cap to support a new strategy implementation. **Key Changes:** - Higher deposit limits now available for users - Additional allocation space created for new positions - Cap adjustment follows previous capacity increases in April This expansion continues Aave's pattern of gradually scaling supply and borrow limits as demand grows. Users can now deploy larger positions within the protocol's updated parameters.
EarnUSD Launches PT-srUSDe Loop Strategy with Fixed Yields
EarnUSD has introduced a new strategy allocation featuring PT-srUSDe loops. The approach combines: - Fixed-yield principal tokens (PT) on Strata Markets' senior sUSDe tranche (srUSDe) - Looping mechanism on Aave with boosted leverage through Twyne - Powered by Pendle Finance infrastructure The strategy offers a fixed rate return with first-loss capital protection underneath. This builds on previous integrations where PT srUSDe gained support for 1-transaction looping, unwinding, and position optimization on DeFi Saver.