Liquid staking enables users to maintain liquidity, despite locking their cryptocurrency to earn rewards for securing a blockchain network. Lido, the dominant liquid staking player, has more than $13 billion ETH staked, commanding a 76% market share of liquid staking derivatives on Ethereum, data from blockchain analytics firm Nansen show.
Gala Games Hacker Returns $23M in ETH; Founder Proposes ‘Buy and Burn’
The change of fortunes leaves Gala with an unexpected $23 million windfall in ETH tokens. "We will probably buy and...