Ethereum is the largest blockchain smart contract service platform in the industry. In 2022, Ethereum has undergone a major transition to a new consensus algorithm.

Usually calledCollaboration makes the Internet choose to give up the work unit certification and convert to the proof of rights and interests, and realize its broader scalability, blockchain technology and security route map.

Quick navigation

• Self-pile limit
• What is the current mortgage of Ethereum?
• The top three liquid mortgage agreements of Ethereum: Lido, Rocket Pool, Anker
• Current mortgage and swap mortgage: What's the difference?
• The top three liquid mortgage agreements of Ethereum: Lido, Rocket Pool, Anker
• Why is the current mortgage currency of Ethereum soaring?

Some time ago, the proof of rights and interests was introduced on the Beacon chain. Users can deposit 32 ETH and become an integrated verifier of the Internet.

This is also part of the key components of Ethereum, namely blockchain technology and clarity. In essence, users around the world can maintain the network and maintain the network by operating their own verifier connection points.

However, this actually brings some limitations. Let's take a look at some cases involving self-investment.

Self-pile limit

Those who want to become thorough verifiers face some obvious defects. For example, they can't move the minimum amount required (32 ETH), so it doesn't have any liquidity during the time users expect to maintain the real identity of the detailed verifier.

Before enabling this function, deposit ETH into Beacon savings contract to ensure that Internet users cannot obtain ETH. The key developers of Ethereum said that with the renewal of Shanghai, it would become very possible. This isIt is expected that the public survey network will be launched in February and the main network may be launched in March.

In everyone'sBlogCollaborate with CONSENSYS product operation Matt Nelson

It should be noted that there are about 16 million ETH in the contract at this stage, and the use value is close to US $25 billion (calculated at the current price). In contrast to this very large limitation, the liquidity platform brings another option.

What is the current mortgage of Ethereum?

Ethereum's current assets are a definition that has existed for some time, but in early 2023, when most of the service platforms that provide this function saw a great improvement, it accelerated.

In essence, liquid pile is an alternative to lock user pile. In the process of doing so, it allows users to take all the number of ETH they want as their chips and cancel it without having to open this function online (for example, before the Shanghai urban renewal).

This is accomplished by selling a tokenized version of the stock fund, which is a financial derivative. It can be moved, stored, bought, sold, traded, and even locked, just like ordinary tokens.

Its working state is very simple. The user saves ETH into a third-party platform. The service platform will deposit ETH into the Beacon depositor contract (according to its own verifier). In return, the agreement will create a representative ETH that users can acquire, buy and sell, and invest in shares.

Ethereum Liquid Staking has some benefits, such as:

• No long-term investment risk
• Ease of use of savings tokens
• The rate of return is similar to that of locking ETH pledge loan

The upcoming Shanghai renewal has greatly promoted the description of the current mortgage of Ethereum. Most of the channels for such service projects have soared since the beginning of 2023.

In other words, let us quickly understand some of the most popular Ethereum liquid mortgage agreements.

Top 3 Ethereum liquid mortgage agreement

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Lido uses the total market value and the total amount locked in its platform (US $7.68 billion in the writing of this article), which is the main agreement of Ethereum liquid mortgage.

When users use Lido to own ETH, they can receive a replacement token called stETH, indicating their equity in 1:1 ratio. Tokens are forged when they are deposited in the bank, and then burned when they are redeemed.

The balance of the stETH token account is distributed to the ETH held by Lido at a ratio of 1:1. The balance of the stETH token account will also be updated daily when there is a change in the estimated reported total interest.

Lido's local digital currency is called LDO.

Rocket pool

At the time of writing this article, Rocket Pool is the second largest liquid mortgage agreement of Ethereum, with a total amount of about US $800 million locked in its software

Similar to Lido, users can also bet ETH in Rocket Pool and get a replacement token called rETH.

The minimum deposit is 0.01 ETH. Users can bet unlimited amount. They can continue to bet and withdraw when they think it is appropriate.

The local digital currency of Rocket Pool is called RPL.

Anker Enterprise

In terms of the total amount of ETH in the platform, the Ankr agreement is the next agreement that meets the standards. At the time of writing, it was about US $153 million.

Another dynamic password from the protocol is called ankrETH. Similar to other websites, users can withdraw at any time and participate in various DeFi farms with ankrETH tokens.

Current mortgage and swap mortgage: What's the difference?

Some trading centers, such as Coinbase and Binance, also allow users to deposit in ETH, deposit it in Beacon savings contracts, and receive rewards.

In addition, he also sells his own ETH tokens. Users should obtain and pay according to their intentions. For example, for Binance, the token is called BETH. Users can trade with USDT at any time. The key point to consider is that you must have BETH on your account to gain chip profits.

Another important reference standard is that these are centralized counterparties, so they store your tokens - in this case, ETH substitutes. Therefore, all the disadvantages and limitations of owning digital currency in the trading center are suitable, and there are all the benefits.

Why is the current mortgage currency of Ethereum soaring?

As mentioned above at the beginning of this manual, since the beginning of 2023, most of the agreements that give Ethereum the role of liquidity supervision bear the soaring price of its original digital currency.

For example, LDO has increased by more than 100% in the past 30 days. In the past 14 days, ANKR has risen by 45%. Frax shares (FXS) have risen more than 100% in the past two weeks. The RPL token of the rocket pool increased by about 70% last month. Other current mortgage currencies of Ethereum, such as StackWise (SWISE) Stafi (FIS), are still rising.

The consensus may be that the traders predict that the upcoming update of Ethereum Shanghai will be very helpful for such a platform. The main reason is that more than 15 million ETHs will be opened, and users will find mobile alternatives in their ETHs. As such agreements provide some obvious advantages, it is said at this stage that Shanghai will help and meet the needs of service projects.