One-click wstETH staking via LIFI.
Bank of Canada DeFi lending report.
EF stakes 23,000 more ETH.
Revoke Cash extension update.
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Listen to this episode from Ethereum News on Spotify. LI.FI, Chainlink, and Lido launch one-click wstETH staking. The Bank of Canada publishes a DeFi lending report. And the Ethereum Foundation stakes 23,000 ETH from its treasury. Read more: https://ethdaily.io/918 Sponsor: Lido Earn lets you deploy ETH or stablecoins into curated DeFi strategies for optimised yield.
](https://open.spotify.com/episode/5ID5KLTjyYjU8MO3KZztHA)
EarnUSD is a stablecoin vault by Lido for earning transparent, onchain USD-denominated rewards. Get started today at stake.lido.fi/earn
LIFI, Chainlink, and Lido have teamed up to introduce one-click, cross-chain staking into wstETH, enabling users to swap any asset on any supported chain into wstETH in a single transaction. LI.FI handles transaction routing and pricing through its API, while Chainlink powers the cross-chain infrastructure via Chainlink CCIP and maintains liquidity balance using Chainlink automation. Lido, the largest liquid staking protocol on Ethereum, stakes the ETH on Ethereum's beacon chain and issues wstETH. Together, the integration delivers a seamless, unified user experience for cross-chain staking. Lido recently hit 100,000 ETH in TVL on its EarnETH DeFi vault, which was launched just 3 weeks ago on March 12. Disclosure: Lido is an ETH Daily sponsor.
The Bank of Canada published a report on DeFi lending, focusing on returns, leverage, and liquidation risk, using Aave V3 as a case study. The report found that earnings are concentrated, with a small number of tokens generating most of the profits, while overall returns remain low but stable due to low operating costs and conservative, overcollateralized lending. The report also highlights that about 20% of borrowing activity comes from recursive leverage strategies. Overall, it characterizes DeFi lending as transparent, automated, and cost-efficient, with risk managed through strict collateral requirements and liquidation mechanisms. The report concludes that lending without traditional intermediaries is technically and operationally viable.
The Ethereum Foundation executed an additional staking deposit of 23,000 ETH from its treasury to the Ethereum Beacon chain as part of its broader goal of staking 70,000 ETH. The addition brings the foundation's current total staked ETH to 47,050 ETH. The staking rewards flow back to the foundation treasury to support Ethereum ecosystem initiatives. The foundation is using minority clients, multiple Beacon and Execution client pairings, and a mix of hosted and self-managed infrastructure across jurisdictions.
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Disclaimer: Content is for informational purposes only, not endorsement or investment advice. The accuracy of information is not guaranteed.