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This documentation provides an overview of the project, highlighting the reasons why now is the perfect time for Vibranium and the immense market potential it holds.
Surge in Staking Activity:
Ether (ETH), the native cryptocurrency of the Ethereum network, has experienced a significant increase in staking activity following a critical update. The network's transition to Proof-of-Stake (PoS) and the recent "Shapella" network upgrade have played crucial roles in driving this surge. These updates have enabled the withdrawal of staked ETH as well as rewards, creating a demand for new validators. As a result, the demand for validators has reached its highest level in two and a half years. This heightened activity underscores the growing interest and confidence in staking as a mechanism for earning rewards and securing the network.
Rise of Lido Finance and stETH:
Lido Finance has emerged as a prominent player in the defi space, introducing a new asset known as stETH. This asset offers the same power and utility as ETH within the defi ecosystem. With stETH, users can participate in various defi protocols and earn rewards while maintaining exposure to the value of ETH. The introduction of stETH highlights the increasing need for innovative defi models that provide stable passive income opportunities. Vibranium aims to leverage this trend by offering unique solutions that cater to the evolving needs of defi participants.
The need for innovative defi model with stable passive income