MoonRock Finance, a supplier of cryptocurrency index tokens, in the present day introduced the discharge of its Liquid Staked Ether index token (ticker image: LSETH). The LSETH index token supplies a basket of the main liquid Ether staking rewards tokens. For customers excited about diversified ETH yield, LSETH supplies a easy, one-click answer with zero charges.
Staking has emerged as a gorgeous technique to earn passive yield on ETH. One drawback of staking nonetheless is that it requires customers to lock their tokens, making them illiquid. Liquid staking is a current innovation that removes the necessity for a lock-up. Consequently, liquid staked ETH tokens have exploded in development to over a $9B market capitalization.
The LSETH index token supplies a easy answer to get diversified ETH yield. LSETH comprises an equal-weighted basket of the main liquid staked ETH tokens: Lido Staked ETH (wstETH), Rocket Pool ETH (rETH), Staked Frax ETH (sfrxETH), Coinbase Wrapped Staked ETH (cbETH), and Ankr Staked ETH (ankrETH). As extra liquid staking options come to market, the LSETH index shall be robotically up to date utilizing on-chain governance.
“We’re delighted to announce the launch of our liquid staked ETH index token, LSETH,” commented JK, the Founding father of MoonRock Finance. “We’re significantly completely satisfied to supply this product with zero charges. We hope that LSETH supplies customers with the advantages of index diversification in addition to assist develop the liquid staking ecosystem. ”
To unfold consciousness of LSETH, there shall be a study & earn program on the Layer3 platform and liquidity mining incentives on xToken Terminal.
The LSETH token is accessible on the Uniswap decentralized alternate.
About MoonRock Finance
MoonRock Finance was based to assist folks spend money on cryptocurrency passively to allow them to chill out and revel in their monetary freedom. With MoonRock index tokens, holders can get broad publicity to a basket of cryptocurrency tokens with the comfort and ease of a single token. Merchandise embrace the CPI token which is designed to trace US worth inflation, JPG which provides broad publicity to the NFT market, and LSETH which is an index of main liquid staked ETH tokens. For extra info, go to www.moonrock.org or e-mail press@moonrock.org
About Layer3
Layer3 was based in 2021 as a web3 consumer acquisition and retention answer that helps groups purchase the actions & customers that matter to them. Their no-code instruments lets clients create milestones for brand spanking new or returning customers by means of any set of on-chain actions.
Utilizing highly effective storytelling methods (Quests) they’ve pushed 10M+ on-chain interactions throughout high dapps. At the moment, they serve web3 clients reminiscent of Coinbase Cloud, Hashflow, Slingshot, Stargate, Aave, 1inch, and extra. For extra info go to www.layer3.xyz
Disclaimer
This content material is for informational functions solely and shouldn’t be construed as authorized, tax, funding, monetary, or different recommendation. Every purchaser of a MoonRock product ought to seek the advice of along with his or her personal authorized adviser and tax adviser earlier than buying such merchandise. Digital belongings are risky and dangerous and might not be acceptable in your monetary state of affairs or funding objective.
