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Lido community weighs a move away from Polygon in favor of an Ethereum-only focus.

The Lido (LDO) community has proposed to end project Lido on Polygon. The proposal highlighted various issues, including Polygon's unclear roadmap, recent technical problems, and the absence of many staking providers, that triggered this decision. Meanwhile, the latest proposal from the Lido community comes after the project discontinued Solana staking.

A community member published a proposal to discontinue support for Polygon on Lido due to a ‘broader uncertainty' with the Ethereum sidechain project.

In the realm of crafting content, three pivotal elements come into play: “perplexity,” “burstiness,” and “predictability.” Perplexity gauges the intricacy of text.

Lido's pullback to $1.50 could present present buying opportunities if BTC doesn't post more losses.

In a recently concluded voting program, it was revealed that over 92% of LidoDAO members (Lido token holders) of the decentralized liquid staking protocol Lido Finance, voted in favor of Lido ceasing its operations on the Solana Network. LidoDAO Cut Ties With The Solana Network Following Community Vote The proposal was first introduced by Lido on Solana's peer-to-peer (P2P) team on September 5, due to financial limitations.

The team behind Lido Finance will be sunsetting Solana staking after the community DAO voted in favor of the proposal, with over 90% choosing to discontinue Solana staking.

Lido on Solana, a prominent liquid staking protocol, is set to conclude its operations. The team announced the decision following a comprehensive DAO consultation and subsequent community vote on October 16, 2023.

Lido's TVL cratered by 5% between 9 and 16 October. This was due to the fall in the prices of crypto assets during that period and the protocol's decision to cease operations on Solana.

Lido Finance, a decentralized liquid staking technology, is ceasing operations on the Solana blockchain.

The team behind the Lido on Solana protocol will drop the project following community vote in support of the proposed scenario.

Lido Finance, known for its liquid staking solution, will no longer accept new staking requests for Solana tokens. This comes after Lido token owners voted in large numbers to pause the service.

Lido Finance is discontinuing its operations on Solana blockchain following a community consensus within its DAO. The decision, revealed on October 16, 2023, comes after a proposal highlighting the unsustainable financials of Lido on Solana.

Lido Finance has recently announced the termination of all operations on Solana after a community vote in Lido's autonomous organization. The initial proposal to shut down on Solana was initially presented in early September this year following the identification of unsustainable financials as well as the lower percentage of fees generated on the Solana blockchain. Voting on the matter started by the end of September and was concluded just earlier this month. As per the recent update, the community has given a green signal regarding the departure from Solana, and the process will begin shortly.

Lido Finance, a leading decentralised liquid staking protocol with over $14 billion in total value locked (TVL), has announced the sunsetting of staking services for Solana (SOL). Lido's expansion in the proof-of-stake ecosystem was first announced for Solana in May 2021. Lido on Solana sunset Specifically, staking SOL on Lido has officially closed for new users.

The staking service for SOL tokens will be discontinued over the coming months, developers said.

A new liquid staking platform called Diva is trying to ‘vampire attack' industry-dominant Lido by offering better incentives for stakers. Meanwhile, Lido governance votes to sunset the protocol on Solana.

In the dynamic world of cryptocurrency, Lido DAO (LDO) has been drawing significant attention lately as it navigates a closely watched battle between bulls and bears. The latest trends indicate a potential shift in the balance of power, as the market's moving averages have been traversed by LDO's trading price.

After suffering at the hands of the bears, LDO finally experienced some relief in the form of a bullish price pump. LDO surged by almost 10% as its RSI moved above the neutral line.

Unsustainable financials and low fees generated by Lido on Solana were two of the main reasons for the sunsetting.

Lido DAO, a cryptocurrency project that has garnered significant attention in the ever-evolving digital asset space, has recently been the subject of intense scrutiny by both investors and traders. Over the past few days, the project's trading patterns have displayed a fascinating alignment with key technical indicators, hinting at the potential for an upward price momentum.

Blockchain entrepreneur Justin Sun, best known as the founder of Tron, has become the largest investor in Ethereum, with over 282,796 ETH committed. This figure, in dollar terms, stands at an astonishing $439 million.

Decentralized finance staking service provider Lido (LDO) is winding down its Solana (SOL) staking product today, Oct. 16, because it lacks funds to sustain the project, according to a blog statement from its team.

In an Oct. 16 post on the Lido blog, the multi-platform staking solution announced that it had decided that Lido on Solana protocol will be gradually phased out in the months ahead.