ETH staked with @ether_fi is up 33.6% YoY while Lido is down 7.6%.
The gap comes down to what's built around the underlying asset. Etherfi has created real utility through looping vaults on weETH and a card product using weETH/eETH as collateral.
When the asset has a killer use case attached to it, users naturally flow to weETH.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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