Yield farming app accumulates $12M TVL 2 weeks after launch
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A new yield farming app called Origin Ether has
Ether liquid staking protocols allow ETH holders to stake their coins with a network of providers in exchange for tokens representing those deposits. They have become more popular as Ethereum moved to proof-of-stake consensus and enabled withdrawals.
On May 1, DefiLlama reported that liquid staking protocols had become the top DeFi category, surpassing the TVL of decentralized exchanges. On May 30, cross-chain bridging protocol LayerZero partnered with the Tenet network to increase the use of liquid staking in the Cosmos ecosystem.
