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Showing posts with the label staking protocol

Ethereum (ETH)-Based Liquid Restaking Altcoin Leaps Upon Announcement of Coinbase Support

An Ethereum (ETH)-based liquid staking token is soaring in price after the top US-based crypto exchange platform Coinbase announced support for the altcoin. In a new thread, Coinbase says it’s adding support for liquid staking protocol Renzo (REZ), a project that aims to streamline the process of staking Ethereum and other digital assets. “Coinbase will add support for Renzo (REZ) on the Ethereum (ERC-20 token) network… Trading will begin on or after 9AM PT on 6 March, 2025, if liquidity conditions are met. Once sufficient supply of this asset is established trading on our REZ-USD trading pair will launch in phases.” News of the addition sent REZ flying, as the digital asset went from a low of $0.0170 on March 5th to a peak of $0.0243 just a day later. REZ has since stabilized in price and is trading for $0.0204 at time of writing, a 20.5% gain on the day. Liquid restaking is when traders use digital assets they are already staked and further st...

ClayBro Reviews Crypto All-Stars Presale, Highlighting It as the Top Choice for Meme Coin Staking

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Crypto YouTuber ClayBro, with over 130K followers, reviewed Crypto All-Stars presale, highlighting its first unified staking protocol for meme coins. A surge of optimism in the crypto space has fueled enthusiasm, pushing the presale’s total funding to $1.7 million. The initiative addresses a common critique of meme coins, which is their lack of practical use, by offering an alternative revenue stream for traders beyond the typical buy-low-sell-high strategy. Crypto All-Stars aims to enable meme coin holders to earn passive rewards on their investments. Crypto All-Stars is attracting attention due to its innovative ‘MemeVault’ feature, which allows meme coin holders to stake their assets and earn rewards in $STARS, the platform’s native token. MemeVault operates on the ERC-1155 standard, enabling the platform to support meme coins from multiple blockchains, including Ethereum and Solana. The platform streamlines the staking process by consolidating all assets i...