Bitalk News
Bitalk News|Mar 25, 2025 09:47
🔸 This week, AbstractChain also launched new projects and Flash Badges. 👇 While taking the badge, let's also learn about the project The requirements for obtaining Badge this week are very low. Simply stake ETH on the @ dinero_xyz platform and obtain absETH. Dinero is an Ethereum revenue protocol that has a flagship LST - pxETH. Dinero is currently working on brand LST on various L1/L2 chains, such as beraETH, zkETH, and absETH. Let's take absETH as an example to talk about its principle: 1/User deposits ETH on abstract 2/Dinero crosses ETH to Ethereum mainnet 3/This ETH is then pledged by liquidity as apxETH (automatically compounded pxETH) 4/apxETH is packaged as abstrETH and bridged back to abstract. 5/User receives absETH Navigate to the Abstract staking website and stake 0.00001 ETH: https://abstract.dinero.xyz/app Obtaining badges does not depend on the amount of ETH pledged, only on whether you have a pledge record. At present, if you want to cancel the absETH staking, you have to interact with the Ethereum mainnet, and the cost of bridging+swap here is about 1U. It is not recommended to operate in this way. However, according to Dinero, they are about to launch a native redemption feature on Abstract. In addition to canceling the pledge, you can also directly swap absETH to ETH in the Trade panel: https://portal.abs.xyz/trade
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