Lido, the largest decentralized finance (DeFi) protocol by total value locked, unveiled plans during its Node Operator Community Call #5 to release a non-fungible token (NFT) representing a user’s withdrawal request amount as part of the process of unstaking their ether (ETH).

Ether withdrawals on Lido, where users can unstake their stETH and receive ETH at a 1:1 ratio, will have two steps: request and claim, according to Mariya Muzyko, product manager at Lido, during the call Tuesday afternoon. Once a user requests a withdrawal, they will receive a Lido-issued NFT representing their withdrawal request. The user can then use the NFT to claim their ETH rewards. The NFT is burned after the user redeems and claims their ETH.

Lido was the first to provide access to liquidity to ETH holders who wanted to stake their tokens by issuing a derivative token, stETH. This token represents the combined value of the user’s initial deposit plus accrued interest and can be used across many DeFi platforms. The introduction of an NFT into the request withdrawal process represents another first of its kind.

Each withdrawal-request NFT will be transferable, which means users can transfer the NFT to another address, giving this new address the right to claim the corresponding ether rewards. If a user decides to sell their NFT on secondary markets, Lido said it will not take a royalty percentage from the sale.

Withdrawal periods will take roughly one to five days to process, depending on the amount of stETH in the withdrawal and the number of total requests, according to the community call.

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In the dynamic landscape of decentralized finance (DeFi), liquidity staking has emerged as a great avenue for earning opportunities. This is evidenced in its increasing popularity: in recent years, staked crypto has experienced exponential growth.
Let's delve into the realm of liquidity staking, exploring its rising prominence and the lucrative possibilities that the TFS token offers in particular.
What is Liquidity Staking with TFS Token?
Liquidity staking involves actively participating in DeFi by staking TFS Tokens alongside USDT on platforms like PancakeSwap. This not only bolsters TFS Token liquidity but also rewards you with additional TFS Tokens.
Liquidity staking plays a crucial role for several reasons.
Market stability: It prevents market price fluctuations during token pair transactions, ensuring a stable trading market.Decentralized Exchange Support: It actively supports decentralized exchanges, fostering their reliability and flexibility.Contributing to DeFi Growth: By ensuring stable trading environments and supporting key infrastructure, liquidity staking contributes significantly to the broader growth and resilience of the DeFi sector.
Benefits of Staking Your TFS Tokens
If you decide to stake your TFS Tokens, here are some of the benefits you can expect.
Earn Passive Income: Stake TFS Tokens to receive a share of transaction fees, unlocking a stream of exciting passive income.Market Growth Impact: Contribute to TFS Token adoption and market cap by injecting liquidity into the ecosystem.Flexibility in Withdrawals: Users can withdraw rewards whenever they want without the constraints of minimum waiting periods found on other similar platforms.
Potential Returns: A Game Changer
How does this translate into earnings?
Your potential returns are calculated based on Fairspin's Gross Gaming Revenue (GGR), your stake fraction, and a time multiplier. This multiplier varies, starting at 0.3 for stakes below 7 days and reaching 1 after 30 days or more.
Participants who stake for longer than a month can earn up to 0.5% of Fairspin’s GGR!
TFS liquidity staking allows users to theoretically leave their tokens staked indefinitely, earning passive income over time. Unlike some staking applications, Fairspin's Liquidity Staking doesn’t terminate staked positions based on time, providing continuous earning potential.
On the other hand, Fairspin’s liquidity staking offers users the freedom to withdraw rewards at their convenience without the constraints of minimum waiting periods.
Boost Your Earnings with Liquidity Staking
Supercharge your earnings by registering with the following promo code: TFSBo0st. Each activation, equivalent to 180 TFS, unlocks exclusive staking benefits.

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In a positive development, Ethereum’s staking has attracted significant capital over the past week, leading to a surge in its net weekly inflows. Maartuun, a market watcher and analyst at leading on-chain data and analytics platform CryptoQuant, reported the development, reflecting growing commitment.
The spike in staking activity indicates that many investors are interested in supporting Ethereum’s proof-of-stake (PoS) ecosystem while receiving passive returns. It also bolsters ETH’s robust security and position in the cryptocurrency landscape.

Data shared by the analyst shows that Ethereum staking saw a net influx of +10,000 ETH over the past week, with 115,000 ETH being deposited and 105,000 ETH being withdrawn. This shows that deposits have surpassed withdrawals once again after months of net outflows, marking a significant change. With the total staked ETH rising again, it indicates renewed confidence and optimism in staking as a long-term strategy, which could be crucial in strengthening ETH’s ecosystem.

Furthermore, the expert highlighted that this surge in net inflows might be a reaction from long-term investors to Ethereum’s stability after the merger and their increasing trust in the ecosystem.

In the event that the current rate of deposits keeps up, Maartuun is confident that the development could limit the availability of ETH in the market, which might affect price movements. “Overall, this recent inflow is a positive sign for Ethereum’s ecosystem and long-term growth,” he added.

ETH’s Open Interest Reaches New Milestone
Ethereum has been seeing major advancements lately in several key metrics, such as its Open Interest (OI). ETH’s open interest experienced a notable uptick in the past few days, surging to a new all-time high.

A report from CryptoQuant reveals that ETH’s open interest is valued at over $13 billion, representing an increase of more than 14% in the past four months. Additionally, funding rates demonstrate a positive trend, signaling that long-position traders dominate the market. This spike shows that interest in ETH’s derivative markets is rising sharply and growing market sentiment that supports price increases in the short term.

CryptoQuant also revealed that Ethereum’s estimated leverage ratio has hit a new all-time high, reaching +0.40 for the first time in history. This metric, which is determined by dividing the open interest by the exchange’s coin reserves, suggests a huge rise in leverage positions, indicating increased risk-taking by traders in derivatives trading.
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