GM fellow staker,With the markets trending to the upside, we're infiltrating your inbox to give you a healthy dose of staking alpha... (including a big announcement 🇹🇭).🧵 What to expect this week:<ul><li>⚡ Rewards 100% Powered by Fees</li><li>📰 Weekly Briefing</li><li>🇹🇭 Announcing the Staking Summit 2024</li><li>🤯 1/4 of all ETH now staked</li><li>🙌 New VSP: Stakefish &nbsp;</li></ul>Read time: 2 minutes&nbsp;<h2>⚡ Rewards 100% Powered by Trading Fees</h2><a href="/asset/dydx?utm_source=brevo&amp;utm_campaign=Staking%20Insider%2026&amp;utm_medium=email"><img src="https://tidy-ball-c49dc59f59.media.strapiapp.com/dydx_rewards_70f2513701.png" alt="dydx-rewards.png"></a>DYDX Reward Rate mapped against exchange Fees from dYdX's DEXdYdX is one of the largest Decentralized Exchanges in the world. It's not uncommon for 24h trading volumes on the DEX to exceed $1B, surpassing volumes on Uniswap over the same time frame.Why is that significant for DYDX stakers?Staking rewards for DYDX are generated by transaction fees from dYdX's DEX.So in essence, all transaction fees and gas fees from the DEX are collected by the protocol and distributed to Validators and Stakers.This adds a very interest dynamic for anyone looking to stake DYDX, since rewards are generated from actual utility in the network. As a result, the Reward Rate on the network varies depending on volume of trading.Higher trading volume = Higher rewards.Track the Reward Rate for DYDX staking, as well as other key performance metrics, via our newly launched DYDX asset profile.<a href="/asset/dydx?utm_source=brevo&amp;utm_campaign=Staking%20Insider%2026&amp;utm_medium=email">Explore DYDX staking</a>&nbsp;<h2>📰 Weekly Briefing</h2>Top news this week from the world of staking…<ul><li>Taurus enlists Lido to bring Liquid Ethereum Staking to <a target="_blank" rel="noopener noreferrer" href="https://www.coindesk.com/business/2024/02/14/crypto-custodian-taurus-enlists-lido-to-bring-liquid-ethereum-staking-to-swiss-banks/?utm_source=brevo&amp;utm_campaign=Staking%20Insider%2026&amp;utm_medium=email">Swiss banks</a></li><li>GLIF <a target="_blank" rel="noopener noreferrer" href="https://blockworks.co/news/glif-raises-4-5m-funding?utm_source=brevo&amp;utm_campaign=Staking%20Insider%2026&amp;utm_medium=email">Raises $4.5M</a> to address capital inefficiency in file storage</li><li>CoW DAO unveils AMM exchange aimed at <a target="_blank" rel="noopener noreferrer" href="https://www.theblock.co/post/277425/cow-dao-amm-exchange-mev?utm_source=brevo&amp;utm_campaign=Staking%20Insider%2026&amp;utm_medium=email">protecting LPs</a> from MEV</li><li>Restaking protocol GenesisLRT <a target="_blank" rel="noopener noreferrer" href="https://twitter.com/Genesis_LRT/status/1757103765956538681?utm_source=brevo&amp;utm_campaign=Staking%20Insider%2026&amp;utm_medium=email">launches on mainnet</a></li><li>Prisma Finance unveil <a target="_blank" rel="noopener noreferrer" href="https://mirror.xyz/prismafinance.eth/rdKiXAVfFLQMt0aeFDJMhGOgEmsfUEkh56bDrW9M2mA?utm_source=brevo&amp;utm_campaign=Staking%20Insider%2026&amp;utm_medium=email">$ULTRA</a>, a stablecoin backed by LRT</li></ul><h2> 🇹🇭 Announcing the Staking Summit 2024</h2><a href="/summit"><img src="https://tidy-ball-c49dc59f59.media.strapiapp.com/staking_summit_earlybird_3d5d42381d.png" alt="staking-summit-earlybird.png"></a>🥁 Our third edition of the Staking Summit will be in... Bangkok: Nov 8-9!Last year over 700 staking industry leaders joined us in Istanbul. This year, we are taking things to the next level, as we convene before what many are anticipating to be the biggest Devcon yet.Special themes such as Restaking and LSTfi will take center stage at this year's Staking Summit. Super Early Bird Tickets are now up for grabs. Don't miss out on the cheapest possible Staking Summit tickets (when they're gone, they're gone!)<a href="/summit" target="_blank" rel="noopener noreferrer">Book Super Early Bird Tickets</a>&nbsp;<h2>🤯 1/4 of all ETH now staked</h2><a href="/asset/ethereum-2-0" target="_blank" rel="noopener noreferrer"><img src="https://tidy-ball-c49dc59f59.media.strapiapp.com/quarter_eth_staked_fff1969a39.png" alt="quarter-eth-staked.png"></a>ETH Performance Chart from our new Asset ProfilesETH Performance Chart (6 month view) - the extended time frames are launching soon...On 30 Aug last year, we were celebrating Ethereum reaching a 20% staking ratio. Fast forward to today, and the ratio has now surpassed 25% with an additional 5.8 million ETH ($16.4B worth) being staked over the period.Staked ETH has seen a strong uptrend since the beginning of February, with 1.01 million ETH being staked since the beginning of the month.This is in part due to Eigenlayer temporarily lifting the deposit caps, which saw big inflows across different Liquid Restaking Protocols such as Ether.fi, Puffer, Kelp and Renzo (to name a few).Inflows of ETH staking are set to continue in the short-term, with the Ethereum validator entry queue reaching its <a target="_blank" rel="noopener noreferrer" href="https://www.validatorqueue.com/?utm_source=brevo&amp;utm_campaign=Staking%20Insider%2026&amp;utm_medium=email">highest level</a> since early October (8154 validators at time of writing).<a href="/asset/ethereum-2-0" target="_blank" rel="noopener noreferrer">Explore ETH Staking</a><h2> 🙌 Welcome to the VSP stakefish</h2><img src="https://tidy-ball-c49dc59f59.media.strapiapp.com/stakefish_vsp_welcome_d682a4dda1.jpg" alt="stakefish-vsp-welcome.jpg">Stakefish are veterans when it comes to running validators. We are delighted to announce they have joined our Verified Staking Provider list, following an audit by the Staking Rewards team.Stakefish join the VSP with:✅ $2.69b AuM✅ 173.57k Stakers✅ Support for 20+ PoS networks<a href="/provider/stake-fish?utm_source=brevo&amp;utm_campaign=Staking%20Insider%2026&amp;utm_medium=email" target="_blank" rel="noopener noreferrer">View the Stakefish profile</a> &nbsp;

Staking Insider #26: Rewards 100% Powered by Trading Fees