• News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Videos
  • Blogs
  • Market Cap
  • Shop
What's Hot

Is the Next Bitcoin Black Swan Lurking Around the Corner?

2025-07-05

What is Dollar-Cost Averaging (DCA) in Crypto? A Beginner’s Guide

2025-07-04

What Is Liquid Staking? How It Works & Why It Matters in Crypto

2025-07-04

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Facebook Twitter Instagram
Crypto Investor News Network
  • News
    • Bitcoin
    • Altcoins
    • Blockchain
    • DeFi
    • Regulation
    • Scams
  • NFT

    All Eyes on Art: Upcoming Collections to Watch the Week of February 4

    2025-02-05

    Creator of rabbit AI assistant has hidden NFT past

    2024-05-02

    Ethereum tops daily NFT sales at US$7 mln, ends weakest month of 2024

    2024-05-02

    Top NFT Airdrops and Giveaways for May 2024

    2024-05-02

    Casio Launches NFT Collection Celebrating 50th Anniversary

    2024-05-01
  • Metaverse

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    2024-12-13

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    2024-10-28

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    2024-09-05
  • Analysis

    Crypto Exchange Coinbase Lists New DeFi Altcoin Project Built on Base Blockchain

    2023-12-13

    Ethereum Price Bears Keep Pushing, Why Decline Isn’t Over Yet

    2023-12-13

    Trader Bullish on Cosmos (ATOM), Says One Dogecoin Rival Setting Up for Next Leg Up – Here’s His Outlook

    2023-12-13

    AVAX Price Pumps 50% and Dumps 15%, Why Uptrend Is Still Strong

    2023-12-13

    Top Trader Predicts Parabolic Rally for Solana Competitor – Here’s His Upside Target

    2023-12-13
  • Learn

    What is Dollar-Cost Averaging (DCA) in Crypto? A Beginner’s Guide

    2025-07-04

    What Is Liquid Staking? How It Works & Why It Matters in Crypto

    2025-07-04

    What are Rollups in Crypto? ZK Rollups and Optimistic Rollups Explained

    2025-07-02

    A Full Comparison of Layer 2 Solutions

    2025-07-02

    What are Optimistic Rollups? How They Work and Why They Matter

    2025-07-01
  • Videos

    Is the Next Bitcoin Black Swan Lurking Around the Corner?

    2025-07-05

    How To Get Rekt Buying Bitcoin Treasury Companies

    2025-07-03

    No More Bitcoin Left For YOU!!!

    2025-07-03

    🔥 Bitcoin Bereikt Nieuwe Hoogtepunten en wordt geoptimaliseert met deze Layer 2 Presale!!!

    2025-07-02

    Bitcoin To $1M? Here’s WHY!

    2025-07-02
  • Blogs
  • Market Cap
  • Shop
Facebook Twitter Instagram TikTok
Crypto Investor News Network
Home»DeFi»Agility protocol sees value locked surge fivefold as incentive program coincides with Shapella
DeFi

Agility protocol sees value locked surge fivefold as incentive program coincides with Shapella

2023-04-17No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email


DeFi


Agility, a decentralized finance platform, has seen a surge in interest and user deposits after introducing a token incentive program to coincide with Ethereum’s Shapella upgrade, more than quintupling the value locked in the protocol.

The platform drew more than $276 million in user deposits in the past week, on-chain data analytics provider Nansen noted in a tweet today. That brings the total value locked (TVL) to more than $337 million, up from about $60 million a week ago.

Agility specializes in streamline trading of various liquid staking derivative (LSD) tokens. It is a new entrant in building a DeFi protocol for LSDs, allowing users to swap one staking token for another and increasing liquidity for various LSD assets. For example, a user can swap one LSD, say staked ether (stETH) originating from Lido Finance, for another, such as Rocket Pools’ rocket ether (rETH).

Agility’s documents state it wants increasing liquidity for various LSD-related protocols. The platform’s approach to liquidity provision is comparable to Curve, a popular decentralized exchange for stablecoins.

The protocol’s staking pools experienced inflows of more than $110 million in the last 24 hours alone, according to data from Nansen. This included just over 125 addresses who deposited 68,100 staked ether, Nansen said.

Agility benefits from Shapella

Agility’s rise can be attributed to growing activity in decentralized staking protocols, such as Lido Finance and RocketPool, driven by last week’s Shapella upgrade of the Ethereum network. Liquid staking is a popular choice for users seeking decentralized alternatives that offer more flexibility and control over their assets.

Token incentives have also contributed to Agility’s success, as users are rewarded with another token called aLSD when they deposit an LSD token on the platform. At present, the protocol is offering a 60% annualized yield for staked ether (stETH) depositors, significantly higher than the 4.3% paid by Lido Finance. This incentive program has helped attract more users and increase overall user deposits. However, these token rewards are part of a temporary incentive program that will taper off in the coming weeks.

Agility protocol TVL

See also  Number 1 Network With $24 Billion TVL Now Ranked Only 10

Agility protocol’s total value locked (source: DefiLlama)

Agility’s native token, AGI, has seen its price surge by 118% in the past week, going from $0.27 to $0.59, according to CoinGecko.


Agility coincides fivefold Incentive Locked Program Protocol Sees Shapella Surge
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Israel-Iran Ceasefire Ignites Bitcoin Surge

2025-06-23

Bitcoin & Crypto Surge on 90-Day U.S. & China Deal

2025-05-12

Bitcoin Surge Sets the Stage for Another HISTORIC HIGH

2025-05-09

What Is a Layer-0 Blockchain Protocol?

2025-05-02
Add A Comment

Leave A Reply Cancel Reply

Top Posts
Regulation

Tether collaborates with FBI to recover $1.4 million in scam targeting seniors

2024-03-12

What is CryptoSlate Alpha?A web3 membership designed to empower you with cutting-edge insights and knowledge,…

DeFi

Swarm launches permissionless trading platform for tokenized real-world assets

2023-12-13

Swarm, a Berlin-based DeFi platform regulated by BaFin in Germany, has launched a permissionless trading…

Analysis

FTX Fraud: Who Are Sam Bankman-Fried’s Biggest Victims?

2023-02-23

Key Takeaways The collapse of FTX is already going down as one of the most…

Subscribe to Updates

Get the latest news and Update from CINN about Crypto, Metaverse and NFT.

Editors Picks

Is the Next Bitcoin Black Swan Lurking Around the Corner?

2025-07-05

What is Dollar-Cost Averaging (DCA) in Crypto? A Beginner’s Guide

2025-07-04

What Is Liquid Staking? How It Works & Why It Matters in Crypto

2025-07-04

How To Get Rekt Buying Bitcoin Treasury Companies

2025-07-03
Crypto Investor News Network
Facebook Twitter Instagram TikTok
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Disclouser
© 2025 - All rights are reserved.

Type above and press Enter to search. Press Esc to cancel.

bitcoin
Bitcoin (BTC) $ 108,780.15
ethereum
Ethereum (ETH) $ 2,548.26
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.27
bnb
BNB (BNB) $ 662.36
solana
Solana (SOL) $ 151.68
usd-coin
USDC (USDC) $ 1.00
tron
TRON (TRX) $ 0.285725
dogecoin
Dogecoin (DOGE) $ 0.170646
staked-ether
Lido Staked Ether (STETH) $ 2,546.93
bitcoin
Bitcoin (BTC) $ 108,780.15
ethereum
Ethereum (ETH) $ 2,548.26
tether
Tether (USDT) $ 1.00
xrp
XRP (XRP) $ 2.27
bnb
BNB (BNB) $ 662.36
solana
Solana (SOL) $ 151.68
usd-coin
USDC (USDC) $ 1.00
tron
TRON (TRX) $ 0.285725
dogecoin
Dogecoin (DOGE) $ 0.170646
staked-ether
Lido Staked Ether (STETH) $ 2,546.93