Key Highlights VanEck has withdrawn its proposal for an exchange-traded fund designed to directly hold Lido’s liquid-staked ether token, stETH. The proposed vehicle aimed to track the price of stETH minus fund expenses, allowing investors to access rebasing staking rewards through traditional brokerage accounts. While other funds like the Grayscale Ethereum Staking ETF (ETHE) offer ...
Key Highlights: Governance discussions within Lido are evaluating a budget link to the NEST framework, balancing proposed spending thresholds against actual DAO profitability. As of October 13, the NEST spending counter sat at minus $564,230.96 with allocations skipped, while the allocator held approximately 41.12 stETH. Economic simulations demonstrate that lowering purchase thresholds increases buyback volume ...
Key Highlights: Demand to enter Ethereum staking has cooled, with roughly 1.5 million ETH ($4 billion) in the entry queue and an estimated 25-day wait, down from peak levels in early September. A significant portion of recent validator exit activity was driven by MetaMask taking validators offline following a September 30 security incident, though investigations ...