Lido

Ethereum restaking could form the ‘bedrock’ for a wide range of new decentralized applications on the blockchain. However, it could also introduce several new hidden risks, says Coinbase. In a research report released on April 2, analysts David Han and David Duong from Coinbase outlined various risks associated with restaking and issuing liquid restaking tokens […]

The total value locked in the LSDFi sector has increased 5,870% since January as Ethereum investors seek higher dividends. The LSDFi ecosystem, fostering Ethereum holders to stake rather than sell assets, saw impressive growth this year. Ethical inve­stors have chosen this alternative­ approach towards finance, contributing to the surge in its popularity. Despite­ the Ethereum Shape­lla […]

Lido, a prominent decentralized finance (DeFi) staking service provider, has decided to wind down its Solana (SOL) staking product as of October 16. The team behind Lido announced this move, attributing it to the project’s financial constraints in a recent blog post. The de­cision was made to discontinue Lido’s involveme­nt with Solana after extensive­ discussions […]

The Solana project’s Lido faces potential closure due to financial challenges. These issues emerged post-completion of operations on Kusama and Polkadot. Yuri Mediakov, who re­presents P2P, the organization responsible for managing Lido on Solana, has proposed to the Lido DAO community. This proposal outlines two potential scenarios. It’s up to the community members to vote […]