
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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