Rollups Unleashed #11: State of LSDFI Recap from Revelo Intel Featuring: Swell Raft Entangle Tenet Protocol Tenderize (🥩,🔨) Sommelier Finance Pendle Tapio Finance revelointel.com/rollups-unleas…

Check out this comprehensive report on LSTfi which features Tapio! Well done RedStone Oracles ♦️ and keen to see more!

🚀Take part in the Tapio Vision Map Competition!🗺️ Set out and put together what you see the future of Tapio and $tapETH should hold - either as text, diagrams or a conceptual artwork! Submission deadline: Nov 30, 2:00 UTC. Read below for details! mirror.xyz/tapiofinance.e…

Want to stake $ETH but don’t meet the minimum capital requirements? 🚀Explore liquid staking protocols, like Lido Swell Rocket Pool 🔄Stake/lock any amount 🎯Receive Liquid Staking Tokens(#LST) $stETH $swETH $rETH 💰Watch your rewards grow hassle-free

Only seven days remain for your chance to participate in the Vision Map competition and seize the Guardian NFT👑

🔄 Rebasing tokens such as $tapETH will adjust your staking balance automatically & periodically (usually daily) For example, 🌟 Today, you stake 1 $ETH ➡️ mint 1 $tapETH 🕑 After 1 week, you’ll have 1.0019 $tapETH ➡️ and you can redeem it for 1.0019 $ETH (assuming 10% APR)

Total Value Locked in LSTfi accounts for $26.8 Billion today 🔥 3 weeks ago, we shared the LSTfi Report, which analyzed the 2023 market. Today, we're taking a closer look at LSTfi categories with LST protocols and their tokens. Here are the projects you need to know 🧵

3/ Earning Platforms: Sommelier Finance Instadapp CIAN 🟡 Pendle Equilibria Penpie Flashstake (⚡,⏳) yearn Asymetrix TOKEMAK backup Tapio Finance Synthetix ⚔️

Another type of LST token is called a reward-bearing token, like $wtapETH Using an exchange rate, it increases in value: 🌟 Today, you stake 1 $ETH ➡️ wrap 1 $wtapETH 🕑 After 1 week, you’ll still have 1 $wtapETH ➡️ but you can now unwrap it for 1.0019 $ETH (assuming 10% APR)

🔄Wraping often refers to the process of tokenizing one type of asset as another. Rebasing LSTs like $stETH faces challenges across networks. Reward-bearing like $wstETH offers flexibility, usable anywhere with markets maintaining mainnet value through arbitrage.

$tapETH is unlike traditional LSTs, the reward not only incorporates staking reward of the underlying LSTs but also protocol-generated fees. Mirroring $stETH and $BETH, $tapETH is rebasing token. That means the tapETH balance will increase to reflect the reward automatically.🚀

Another type of LST token like $wtapETH, $rTEH and $swETH! Unlike rebasing tokens, these reward-bearing assets reflect rewards in exchange rates with $ETH. This makes them more compatible for use within DeFi, as well as cross-chain integrations.