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- 🌕 Gate Square · Creator Incentive Program Day 8 Topic– #XRP ETF Goes Live# !
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🔥 Day 8 Hot Topic: XRP ETF Goes Live
REX-Osprey XRP ETF (XRPR) to Launch This Week! XRPR will be the first spot ETF tracking the performance of the world’s third-largest cryptocurrency, XRP, launched by REX-Osprey (also the team behind SSK). According to Bloomberg Senior ETF Analyst Eric Balchunas, - 🚀 Gate $PUMP Futures Trading Challenge is Now Live!
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Announcement link: https://www.gate.com/announcements/article/47104 - 🌕 Gate Square · Mid-Autumn Creator Incentive Program is Now Live!
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Viewpoint: stETH has the risk of decoupling, which may trigger the liquidation of lending protocols.
BlockBeats reported that on August 15, Jlabs Digital analyst Ben Lilly pointed out that current stETH is being withdrawn from Lido. Meanwhile, another lending protocol, Figment, is absorbing Lido's market share, which suggests that Figment could be a staking partner for the ETF. 32% of stETH (wstETH) is used as collateral for the lending protocol, and depegging could imply liquidation for the lending protocol. Notably, currently, 278,000 wstETH are in a "high-risk" state (high risk is defined as a health factor between 1 and 1.1).