Ethereum Assets
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FRK is a Kuma IBT (interest-bearing token) backed by ERC-721 NFTs that . The NFT holder can redeem the NFT off-chain from MCAG for the market-rate bond value at any point.
Collateralization of FRAX & FXS :
Collateralization of the DAI and its different collaterals:
is not an ERC-20 token, leading to some missing functionality. solves these compatibility issues with an ETH backed token which has gained traction within DeFi.
Risk: A-
The process to wrap ETH is permissionless. Anyone can trade ETH with the to get WETH. Similarly WETH can be unwrapped to get the ETH back. There are currently 506k WETH holders on Ethereum.
Risk: B+
Risk: A
WBTC is centralised with bitcoins custodially locked on the Bitcoin blockchain. The custody is performed by, a leader in blockchain custodian technologies.
Risk: B+
risk: A-
risk: A-
risk: B
risk: A-
stETH launched on Ethereum on 19 December 2020. The code has multiple audits from Quantstamp, ChainSecurity, Mixbytes, Oxorio, Sigma Prime and StateMind (cf. ). Lido is the core contract which acts as a liquid staking pool. The contract is responsible for Ether deposits and withdrawals, minting and burning liquid tokens, delegating funds to node operators, applying fees, and accepting updates from the oracle contract. Node Operators’ logic is extracted to a separate contract, NodeOperatorsRegistry. stETH has generated more than 669k transactions.
Lido relies on a set of oracles to report staking rewards to the smart contracts. Lido on Ethereum is a protocol that runs on the Ethereum blockchain and it is upgradable. The Lido DAO controls the ability to implement day-to-day changes and upgrade the protocol with a successful DAO vote. The Lido DAO is an organization and the roles and addresses can be checked in the . To mitigate withdrawal risks, Lido staking went live on December 18th through a performed by a group of the industry’s most trusted builders. stETH currently has 158k holders on Ethereum.
Ethereum Staking wars :
Ethereum Staking wars :
rETH launched on Ethereum on 9 November 2021. The code has multiple audits from Sigma Prime and ConsenSys Diligence (cf. ) in addition of a Immunefi bug bounty. rETH is Rocket Pool’s staked ETH derivative token. Minting rETH is limited exclusively to the . In effect, this acts as an intermediary for each new user depositing ETH in Rocket Pool. rETH has generated more than 250k transactions.
rETH is minted when stakers deposit ETH into the Rocket Pool deposit pool, and rETH is burnt when stakers withdraw their ETH. The Rocket Pool contracts do not have permissions that grant administrators mint/burn capabilities. The Rocket Pool Protocol is intended to be run by a “” - one Oracle DAO (oDAO) and one Protocol DAO (pDAO). Further details and respective DAO responsibilities are set out below. rETH currently has 18k holders on Ethereum.
Ethereum Staking wars :