rsETH and ezETH Now Available on SparkLend
rsETH and ezETH Now Available on SparkLend
🌊 Liquid Staking Gets Spicy
Two significant integrations have been announced for SparkLend:
- KelpDAO's rsETH has been added as collateral, enabling users to borrow against their staked ETH positions
- Renzo Protocol's ezETH is now supported, expanding borrowing options on the platform
Both integrations offer competitive borrowing rates and streamlined user experience on SparkFi. These additions represent growing options for liquid staking token holders seeking lending opportunities.
rsETH Enables Multi-Job Staking on KelpDAO
KelpDAO's rsETH token now supports simultaneous participation in multiple validator jobs, enhancing earning potential for stakers. This development marks a significant evolution in liquid restaking capabilities. Key points: - Users can engage in multiple validator roles concurrently - Available through KelpDAO's restaking platform - Built on Eigenlayer infrastructure Explore restaking opportunities at [KelpDAO's Kelp platform](https://kerneldao.com/kelp/restake/?utm_source=social)
hgETH Strategy Update: Total Reward Rate Jumps to 15.7%
KelpDAO's hgETH portfolio saw significant improvements this week: - Total reward rate increased from 10.2% to 15.7% - Major allocation increase on Aave v3 - Upshift.fi, TacBuild, and Euler Finance all delivering 15%+ rewards Portfolio Highlights: - Aave v3: 42% allocation, 12% rewards - Euler Finance: Leading with 22% rewards - Multiple protocols maintaining strong 15% rates Technical integrations are in development to enhance holder benefits. [Mint hgETH](https://kelpdao.xyz/gain/growth-vault/?utm_source=highguide)
Understanding EVM: The Engine Behind DeFi Interoperability
The Ethereum Virtual Machine (EVM) serves as the foundational technology enabling liquid restaking tokens like rsETH to function across multiple DeFi platforms. - EVM acts as a universal translator, allowing protocols like Uniswap, Aave, and Compound to interact seamlessly - This standardization enables users to utilize their rsETH tokens as collateral across various DeFi applications - The technology ensures consistent execution of smart contracts regardless of the platform *Key Benefit*: Users can leverage their liquid restaking positions across the entire DeFi ecosystem without friction.
Movement Labs Migrates rsETH-wETH Pool to Meridian Money
Movement Labs announces migration of rsETH-wETH liquidity pair from Liquidswap to Meridian Money's metastable pool. Liquidity providers must follow a 4-step process to maintain MOVE rewards: - Withdraw LP tokens from current Liquidswap vault - Break LP position into individual tokens - Deposit into Meridian metastable pool - Stake new LP tokens for MOVE rewards This update follows previous DeFi Spring Wave Two initiative that offered ~22% reward rates with $21M+ TVL for rsETH-WETH pairs. **Important Links:** - [Canopy Hub Withdrawal](https://app.canopyhub.xyz/explore?id=0xefa4b39d3cd87b5f24d53d4d54879c90787f282e05d701dfe66942378deeba61) - [New Staking Portal](https://app.canopyhub.xyz/explore?id=0x24b7a15cce2a31e7f9c09811f5596b6a1d3a84325a3f224f30f7cb16b7006307)
Pendle Finance's agETH Pool Reaches $7M TVL
The agETH pool on Pendle Finance has reached approximately $7M in Total Value Locked (TVL). Users can earn multiple reward streams: - 3.5x Kernel Points - Programmatic EIGEN rewards - Leveraged Restaking rewards **Pro Tip**: Enhance your rewards by utilizing YT, LP, and PT tokens within the agETH pool. Access the pool at [Pendle Finance](https://app.pendle.finance/trade/pools/0xbe8549a20257917a0a9ef8911daf18190a8842a4/zap/in?chain=ethereum)