MoonRock Finance, a supplier of cryptocurrency index tokens, right this moment introduced the discharge of its Liquid Staked Ether index token (ticker image: LSETH). The LSETH index token offers a basket of the main liquid Ether staking rewards tokens. For customers desirous about diversified ETH yield, LSETH offers a easy, one-click answer with zero charges.
Staking has emerged as a pretty approach 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 latest innovation that removes the necessity for a lock-up. In consequence, liquid staked ETH tokens have exploded in development to over a $9B market capitalization.
The LSETH index token offers 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 notably completely happy to supply this product with zero charges. We hope that LSETH offers 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 be taught & earn program on the Layer3 platform and liquidity mining incentives on xToken Terminal.
The LSETH token is out there on the Uniswap decentralized alternate.
About MoonRock Finance
MoonRock Finance was based to assist folks put money into cryptocurrency passively to allow them to calm down 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 embody the CPI token which is designed to trace US value inflation, JPG which provides broad publicity to the NFT market, and LSETH which is an index of main liquid staked ETH tokens. For extra data, go to www.moonrock.org or electronic 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 prospects create milestones for brand spanking new or returning customers by any set of on-chain actions.
Utilizing highly effective storytelling methods (Quests) they’ve pushed 10M+ on-chain interactions throughout high dapps. As we speak, they serve web3 prospects similar to Coinbase Cloud, Hashflow, Slingshot, Stargate, Aave, 1inch, and extra. For extra data 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 property are risky and dangerous and might not be acceptable in your monetary state of affairs or funding purpose.
