Wintermute Enables Collateral Support of stETH
Lido Institutional contributors are excited to share that stETH joins Wintermute’s multi-currency collateral support for OTC trading.
With this update, you can stake your ETH, get rewards and for the first time, use stETH as collateral for OTC trading at Wintermute, allowing institutions to maximize their assets and improve trading efficiency.
Out of the 120M ETH in circulation, only 33.8M is staked, with ~10.2M through Lido. While 70% of ETH remains completely unstaked for receiving staking rewards, Lido Institutional contributors believe stETH has significant potential beyond DeFi, and with Wintermute extending stETH’s utility it will unlock new opportunities that were previously out of reach.
This setup is far more productive than traditional fiat collateral, which usually sits idle. It offers greater flexibility and capital efficiency. Wintermute is committed to being at the forefront of crypto innovation and providing counterparties with more efficient ways to trade.
About Wintermute
Wintermute is a leading algorithmic trading firm that is focused on the innovative digital asset markets and is building the future of finance while also empowering its employees to act like owners and achieve more than is possible elsewhere. Our Mission is to enable, empower and advance the truly decentralized world for more transparent, fair and efficient markets and products.
For further information, please visit www.wintermute.com.
About Lido Institutional
Lido is an open-source, liquid-staking middleware, that provides a way to participate in the blockchain network validation process and get rewards for this activity. With a mission to democratise staking, Lido middleware lets users connect with node operators and stake their digital assets without the need to individually maintain hardware. Users of the middleware can interact with various third-party DeFi applications that have independently integrated and support the liquid staking tokens.
For further information, please visit lido.fi/institutional.
Disclaimer: All information provided herein is purely for informational purposes and does not constitute an offer, recommendation or solicitation to participate in any activity involving crypto assets. References within this website to any specific commercial product, process, or service, or the use of any trade, firm or corporation name is for the information and convenience of the public, and does not constitute endorsement, recommendation, or favoring in any form or shape. Any decision to participate should be based solely on your own due diligence and should be made only after consulting with your own legal, financial, and tax advisors.