The Ethereum liquid staking derivatives finance (LSDFi) ecosystem is booming post-Shapella. 
A handful of LSDFi protocols have been making rounds with staggering amounts realized in TVL. 
The Ethereum liquid staking derivatives finance (LSDFi) ecosystem is booming despite the ongoing market chaos. This year alone, the LSDFi sector has reportedly seen its value increase significantly.
According to data from CoinGecko, a leading crypto data aggregator platform, the LSDFi sector’s total value has increased by a staggering 5,870% since the start of the year. This has pushed TVL to $919.0 million towards the end of August. These figures are likely to increase in the coming months.
Liquid Staking Derivatives (LSDs) are tokenized receipts issued to users after they make deposits into their liquid staking protocols. LSDs typically represent the ownership of staked assets and can be traded for other assets on crypto exchanges. They can also be used as collateral for loans.
Interestingly, th

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