What Kind of ETH Shanghai Investor Are You?
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After a successful implementation of the Merge in September 2022 that saw Ethereum complete its shift to a proof of stake blockchain, the next major milestone is the Ethereum Shanghai Upgrade, officially known as Shapella, enabling investors to finally unstake their ETH tokens from Ethereum’s Beacon Chain after a lock-up period of over two years.
While the upgrade could be bullish for Ethereum, since you can now stake your tokens without worrying about liquidity, locking your tokens on the platform will still be expensive, since you’ll need 32 ETH to secure the network.
As such, liquid staking tokens such as stETH and other liquid staking derivatives still prove a viable option for investors looking to explore numerous DeFi opportunities, while simultaneously receiving rewards for staking Ethereum.
Are you looking to reap big from the Ethereum Shanghai Upgrade? Bybit provides various ways to invest in stETH and other liquid staking derivatives. Whether you’re a CEX Purist, a DeFi Believer or an LSD Opportunist, Bybit is the perfect platform to help you maximize profits.
In this write-up, we’ll explore these three types of investors and learn how you can leverage various options on Bybit to profit from the Ethereum Shanghai Upgrade.