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Lido

cryptocurrency June 28, 2024

SEC sues Consensys for the services provided on Metamask, a popular Ethereum wallet The commission also claimed that the blockchain developer acted as an unregistered broker dealer for selling “thousands of unregistered securities” for Lido and Rocket Pool Lido DAO, the liquid staking platform solution for Ethereum, became one of the highlights of the day […]

cryptocurrency December 27, 2023

Advertisements Of all DeFi protocols, MakerDAO has seen the most revenue in 2023. This comes after it witnessed a significant TVL decline, and its DAI stablecoin briefly lost its peg. MakerDao [MKR] has emerged as the decentralized finance (DeFi) protocol with the most revenue in 2023, data from DefiLlama has shown. Advertisements Source: DefiLlama This […]

cryptocurrency October 20, 2023

Advertisements Members of Lido’s governance body are considering a new proposal to discontinue the protocol’s operations on Polygon.  The demand for MATIC has plummeted in the past ten days.  In the wake of Lido Finance’s [LDO] withdrawal from the Solana [SOL] network, a proposal has surfaced among community members to sunset the liquid staking protocol […]

cryptocurrency August 30, 2023

Advertisements Lido’s TVL climbed by 1.28% in the last seven days, as ETH deposits on the protocol rose.  Its native token, LDO, however, experienced slow accumulation. The total value locked (TVL) in Lido Finance [LDO], a liquid staking protocol for Ethereum [ETH], increased by 1.28% in the past week, according to DeFiLlama. This represented the […]

cryptocurrency June 1, 2023

Lido, the liquidity staking protocol that supports staking, is now under some of the Ethereum community members’ crosshair. There are fears that the platform is centralizing Ethereum and could make the blockchain fragile. Advertisements As of June 1, Lido is the largest decentralized finance protocol. DeFiLlama data shows that the platform manages $13.2 billion  in staked […]

cryptocurrency May 18, 2023

Advertisements Celsius kickstarted the process to unstake its long-staked Ether coins on Lido. CEL’s price continues to plummet as distribution remains unabated.  According to data from blockchain explorer for the Ethereum network Etherscan, bankrupt crypto lender Celsius Network [CEL] has commenced the withdrawal of staked Ether coins [ETH] from Lido Finance. This was following the […]

cryptocurrency May 15, 2023

Advertisements Lido Finance has enabled Ethereum withdrawals after its V2 mainnet went live earlier today.  The community behind the DeFi staking platform passed an on-chain vote to approve the transition to version 2.  Lido’s governance token has gained more than 12% following the latest developments.  Lido Finance, the largest Ethereum staking protocol, has activated the […]

cryptocurrency May 9, 2023

Advertisements Centralized staking pools experienced an array of farewells. Validators have opted not to cross the minimum balance required to stake. Within Ethereum’s [ETH] ecosystem, staking activity has become a topic of increasing interest and scrutiny since the Shapella upgrade’s success. But contrary to projection, ETH did not witness a high level of sell pressure […]