Thu, May 09, 2024 at 14:06

Joy
- Hey Annie!
- Guess what?
- Blockdaemon, a crypto infrastructure provider, is adding Liquid Collectives ecosystem to its platform.
- This is gonna allow its developers to contribute to the ETH liquid staking protocol.
- How cool is that?😎
Annie
- Oh, really?
- That sounds interesting!
- But what exactly does this mean, Joy?🤔
Joy
- Well, in simple terms, Blockdaemon is supporting Liquid Staked ETH (LsETH) minting, redemption, and custody.
- This means LsETH will be integrated as the liquid staking solution in the Blockdaemon Wallet product.
- It's like they're making LsETH the star of their show!🌟
Annie
- Wow!
- That sounds like a big move.
- But what's this 'liquid staking' you mentioned?🧐
ADward
- Hold on! Behold, an advertisement awaits. Legend has it that clicking on this ad will make the AI server even smarter... 😅
Joy
- Good question, Annie!
- Liquid staking is a process that allows users to free up their capital from staked assets.
- It's been gaining popularity on Ethereum lately.
- It's like being able to use your money while it's still in the bank!💰
Annie
- Oh, I see.
- That sounds convenient!
- And who are Blockdaemon's clients?🕵️‍♀️
Joy
- Blockdaemon has some pretty big names as clients!
- We're talking about Blockchange, Plaid, Citibank, Goldman Sachs, and B2C2.
- They're not playing around!🚀
Annie
- Wow, those are some big names indeed!
- And who backs this infrastructure firm?🤔
Joy
- Blockdaemon is backed by some heavy hitters like Goldman Sachs, J.P. Morgan, Softbank Vision Fund, ARK Invest, Salesforce Ventures, and others.
- Last year, they raised $28 million in a Series A funding round.
- Big money moves!💵
Annie
- Impressive!
- So, what other blockchain networks does Blockdaemon support?🌐
Joy
- Blockdaemon supports a wide range of blockchain networks including ETH 2.0, Bitcoin, Cardano, Polkadot, Cosmos, SKALE, MobileCoin and n, and the Lightning Network.
- They're really covering all bases!🌍
Annie
- That's quite a range!
- So this latest expansion will allow Blockdaemon's clients to do what exactly?📈
Joy
- With this latest expansion, Blockdaemon's clients can mint and redeem LsETH directly from their Blockdaemon account.
- They can also custody their LsETH there.
- Plus, liquid staking through the Liquid Collective protocol will be offered as part of its integrated business solutions.
- It's like a one-stop shop for all things crypto!🎉
Annie
- Wow, that sounds like a big deal!
- So is this good news or bad news for the market?📊
Joy
- Well Annie, I'd say it's definitely good news!
- This move by Blockdaemon could potentially increase the adoption and usage of LsETH, which could in turn have a positive impact on the Ethereum ecosystem.
- So yeah, it's a win-win situation!🥳
- To sum up, this article is considered a 😍Bullish for investors!!