Amid the ongoing liquid restaking boom, Ethereum-based DeFi protocol Vector Reserve has launched vETH, a novel Liquidity Position Derivative (LPD) backed by a basket of yield-bearing tokens.
vETH, which can be minted with Lido’s stETH, Renzo’s ezETH, ether.fi’s eETH, KelpDAO’s rsETH and regular WETH, has achieved a market capitalization of $5.2M since launching five days ago.
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#undefined [Source: TheDefiant]