Understanding the Recent Pledge of STETH and Ethereum to the Agility Liquidity Agreement by Two Giant Whale Addresses
On April 17th, according to Lookonchain monitoring, two giant whale addresses pledged 29073 stETHs (worth approximately $60.7 million) and 26550 Ethereum (worth
On April 17th, according to Lookonchain monitoring, two giant whale addresses pledged 29073 stETHs (worth approximately $60.7 million) and 26550 Ethereum (worth approximately $55.4 million) to the LSD token liquidity agreement Agility. The address starting with 0x3f34 pledged 18694 STETHs and 11550 Ethereum, while czsamsun. eth pledged 10379 STETHs and 15000 Ethereum. According to the official website, the current total lockdown value of Agility is approximately $339.5 million.
Two giant whale addresses pledged nearly 30000 stETHs to Agility
The recent pledge of STETH and Ethereum to the LSD token liquidity agreement called Agility by two giant whale addresses has been making waves in the cryptocurrency world. Here is a closer look at what happened, who was involved, and what this could mean for the future of Agility and the cryptocurrency industry.
What Happened?
On April 17th, the Lookonchain monitoring system detected a significant contribution to the Agility liquidity agreement. Two giant whale addresses pledged 29073 stETHs and 26550 Ethereum, which have a combined value of approximately $116.1 million.
The first address, which starts with 0x3f34, pledged 18694 STETHs and 11550 Ethereum, with a total value of approximately $60.7 million. The second address, czsamsun.eth, pledged 10379 STETHs and 15000 Ethereum, with a total value of approximately $55.4 million.
Who Was Involved?
The identities behind the two giant whale addresses that made the recent pledge to the Agility liquidity agreement are currently unknown. However, it is not uncommon for wealthy cryptocurrency investors or entities to hold large amounts of digital assets in a single address or a few addresses. These entities are commonly referred to as “whales.”
What is Agility?
Agility is a liquidity agreement for LSD tokens, which is a new cryptocurrency project that aims to provide a decentralized platform for gambling and prediction markets. The platform features an innovative staking mechanism that is designed to incentivize users to hold LSD tokens long-term, which could promote price stability and reduce volatility in the market.
Agility aims to provide a decentralized liquidity solution for LSD tokens. By using Agility, LSD token holders can deposit their tokens into the platform, which can be used to provide liquidity to the LSD token pairs on various decentralized exchanges (DEXs). In return, users are rewarded with a portion of the trading fees generated on the supported DEXs.
What Does This Mean for Agility and the Cryptocurrency Industry?
The recent pledge of STETH and Ethereum to the Agility liquidity agreement by two giant whale addresses is a massive show of support for the project. This injection of liquidity could help to stabilize the LSD token market and promote the adoption of the platform.
Moreover, it could attract further interest from prominent investors and stakeholders in the cryptocurrency industry. This could result in a positive market reaction and drive the growth of the cryptocurrency ecosystem.
In conclusion, the recent pledge of STETH and Ethereum to the Agility liquidity agreement by two giant whale addresses is a significant development that could have implications for the future of the cryptocurrency industry. This could pave the way for increased adoption of decentralized liquidity solutions for various cryptocurrency projects.
FAQs
1. What is a liquidity agreement?
A liquidity agreement is a mechanism that provides liquidity for cryptocurrency tokens by using a decentralized liquidity pool.
2. Who are cryptocurrency whales?
Whales are entities that hold large amounts of digital assets in a single address or a few addresses.
3. What is the significance of the recent pledge to the Agility liquidity agreement?
The recent pledge of STETH and Ethereum to the Agility liquidity agreement is a significant development that could help stabilize the LSD token market and attract further interest in the cryptocurrency ecosystem.
#
This article and pictures are from the Internet and do not represent aiwaka's position. If you infringe, please contact us to delete:https://www.aiwaka.com/2023/04/17/understanding-the-recent-pledge-of-steth-and-ethereum-to-the-agility-liquidity-agreement-by-two-giant-whale-addresses/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
Voyager Transfers Millions Worth of Cryptocurrencies to Different Exchanges
It is reported that Twitter encryption KOL@Bit According to the ember monitoring data, Voyager today transferred cryptocurrencies worth US $35.8 million, transf
-
Animoca Brands Launches Mocana Odyssey: Partner Support Service for Mocaverse NFT Series
According to reports, Animoca Brands\’ NFT series, Mocaverse, announced the launch of a partner support service, Mocana Odyssey. Participation in the project may
-
Bithumb to Extend Cooperation Agreement with Agricultural Association Bank
On March 17th, the South Korean Cryptographic Exchange Bithumb announced that it would extend the cooperation agreement with the South Korean Agricultural Assoc
-
Colecti secures 470000 euro equity investment from Lisk to launch NFT market
On April 24th, Colecti received 470000 euros in equity investment from Lisk in the NFT market and will launch the NFT market on Lisk. This financing is part of
-
Chaine Finance Allows Users to Trade CORE Tokens on Cross-Chain Platform
According to the official news, on February 21, the decentralized multi-chain cross-chain trading platform Chaine Finance has fully accessed the Core network, …
-
#Developing Montenegro’s Digital Currency: Ripple and Central Bank Join Hands
According to reports, on April 11th, the Central Bank of Montenegro announced that it had signed an agreement with Ripple to develop a strategy and pilot plan for Montenegro\’s digi
-
Huang Licheng’s Cryptocurrency Investment Success
On February 15, it was reported that according to the online analyst @ LookonChain, Taiwan, China singer Huang Licheng had sold 959046 BLURs after applying for…
-
Understanding the Nansen Data on Ethereum Pledges and Circulation Supply
On April 13th, according to Nansen data, the current total number of Ethereum pledges is 18168039, and the circulation supply of Ethereum is 120437016, with a total pledge rate of
-
Cosmos Ecological Smart Contract Platform Injective Launches Solana SVM Rollup Cascade for IBC Ecosystem
On March 30th, Cosmos Ecological Smart Contract Platform Injective announced the launch of the first Solana SVM Rollup Cascade for the IBC ecosystem. This integration will bring So
-
Elon Musk’s Restructuring of Twitter: What It Means for the Future of Social Media
On April 12th, according to a court document, after Musk conducted a new round of restructuring of Twitter, Twitter no longer exists as an independent company.