The world of liquid staking is taking a turn, and in all the right ways. Staking at the moment, especially liquid staking, has become a power force this year, with everyone wanting their fair share of passive income, all whilst helping secure Ethereum. 

Lido is currently the most dominant liquid staking provider on the market, however this year RocketPool came out swinging and is giving the big timers a run for their money. With RocketPool making a big name for themselves, they ramped into second spot as the liquid staking protocol that will be a strong contender for top spot in only a matter of time.

Recently, RocketPool deployed their rETH token as a new collateral type on Maker Protocol, empowering current and future Ethereum stakers, expanding on the capabilities of liquid staking. MakerDAO is a multi-collateral DAI system, that allows users to generate $DAI, a decentralised, and collateral-backed cryptocurrency that is soft pegged to the US dollar. Maker Protocol has created a new vault, the rETH-A, that allows users to generate $DAI from their deposited rETH. 

The new rETH-A vault, allows rETH holders to generate digital liquidity in the form of DAI, without losing exposure to their staked ETH and its yield. You are now able to withdraw, leverage and yield that DAI to do what you wish. The world is your oyster. 

Decentralised loans have taken centre stage, with Maker Protocol being a formidable decentralised lending platform. It only makes sense for Maker to proclaim its support for the success of decentralised protocols on the Ethereum network, and this remains to be seen as a huge step forward in the right direction. I believe that this is only the beginning, and we will see many more integrations in the future that will further support the diversification and accessibility of the Ethereum staking network.