<\/p>\n
The institution-focused liquid staking protocol\u2019s total value locked (TVL) has increased by more than 500% since April.<\/p>\n
Institution-focused liquid staking platform Liquid Collective has experienced significant growth over the past three months, with its total value locked (TVL) increasing by another 30% after integrating Solana last week.<\/p>\n
The DeFi protocol\u2019s TVL is up 550%<\/a> to $1.36 billion from just $200 million at the beginning of April, attracting another $300 million after introducing<\/a> liquid staked SOL (LsSOL) on July 16.<\/p>\n Liquid Collective enables users to stake assets for its Ls receipt tokens, similar to other liquid staking protocols, such as Lido, but with a focus on institutional clients.<\/p>\n LsSOL aims to offer a compliant liquid staking solution for institutions and exchange-traded products (ETPs), which are expected to enable further staking integrations throughout the rest of the year, following Nasdaq’s filing to add staking<\/a> to BlackRock\u2019s iShares ETH ETF on Thursday.<\/p>\n Liquid Collective currently has roughly $1.1 billion worth of ETH and $250 million of SOL staked on its platform.<\/p>\n For now, there is only one live Solana ETP, the REX Shares SOL Staking<\/a> product; however, other BTC and ETH ETF issuers, such as Grayscale, VanEck, and Invesco, are working with the Securities and Exchange Commission (SEC) to launch their own SOL ETFs<\/a> this year. <\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":" The institution-focused liquid staking protocol\u2019s total value locked (TVL) has increased by more than 500% since April. Institution-focused liquid staking platform Liquid Collective has experienced significant growth over the past three months, with its total value locked (TVL) increasing by another 30% after integrating Solana last week. The DeFi protocol\u2019s TVL is up 550% to […]<\/p>\n","protected":false},"author":2,"featured_media":399259,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-399258","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/399258","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=399258"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/399258\/revisions"}],"predecessor-version":[{"id":399260,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/399258\/revisions\/399260"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/399259"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=399258"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=399258"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=399258"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}