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Stride is currently the largest liquid staking protocol in the Cosmos ecosystem.

Justin Sun wallet withdrawal $37.7M ETH from the decentralized finance (DeFi) platform Lido.

Story Highlights The live price of Lido Dao is Lido Dao with a surge could go as high as $3.710 by the end of 2023. LDO price with a potential surge could reach a maximum of $22.112 by 2030. Staking is still a relatively new phenomenon in the world of virtual currencies.

A crypto wallet associated with Justin Sun, the co-founder of Tron, a smart contract platform, has moved 20,000 Ethereum (ETH) worth roughly $32.4 million from Lido Finance, a liquidity staking platform. Funds were transferred to Binance, the world's largest crypto exchange, trading volume and client count.

The rise of liquid staking has resulted in significant changes in the supply dynamics of Ethereum's native token and its DeFi demand.

Lido's TVL rose by over 10% between 25 September and 2 October due to the surge in the values of ETH, MATIC and SOL during that period.

Since 2020, applications for liquid staking on the Ethereum blockchain have seen steady growth, and as of the first week of October 2023, a total of 23 liquid staking derivatives (LSD) platforms hold 12.4 million ether, valued at over $20 billion. Currently, the top three LSD protocols hold sway over 11.

Lido's short-term pullback could provide buying opportunities at this confluence zone if BTC doesn't post extra losses.

With numerous cryptocurrencies available, start with the top ten by market cap for familiarity and stability.

The staking powerhouse dominates the market for liquid tokens. Is this a problem?

The elevated selling pressure on Lido could see another support level flipped to resistance by bears.

As Ethereum and Solana deposits climb on Lido, the Ethereum staking platform sees a rally in TVL.

Lido governance proposes a risk mitigation strategy amidst new collaborations while Lido maintains a strong position in TVL and performance metrics within the DeFi sector.

On September 10, a blockchain security firm called SlowMist pointed out that Lido's code didn't comply with the ERC-20 token standard guidelines. This loophole could allow users to make transactions even if they didn't have enough funds.

Lido Finance, a well-regarded Ethereum staking protocol, recently addressed concerns raised about a security vulnerability in their LDO token contract. Despite the whispers of hacker exploitation, the company was quick to affirm that both their LDO and stETH tokens were not compromised.

Lido Finance has established its roots in the liquid staking sector of DeFi, with its LDO/USD token having a market cap of $13.8 billion.

In a significant move towards enhancing cross-chain interoperability, Neutron (CRYPTO: NTRN) and Axelar (CRYPTO: AXL) have teamed up to introduce Lido's wrapped liquid-staked ETH (CRYPTO: wstETH) to the Cosmos (CRYPTO: ATOM) platform. This initiative is expected to bolster the expansion of wstETH and other assets within the Cosmos ecosystem.

Lido has reassured its users that Lido DAO and staked-Ether tokens remain safe despite hackers exploiting a known security flaw. However, the platform did not come forward with any confirmation of the exploit but acknowledged the fact that the security flaw was already known and reassured that these tokens remained safe as per the post by the blockchain security firm, SlowMist.

Lido has selected Neutron and Axelar to launch its wrapped liquid staked ether (wstETH) token into the Cosmos ecosystem.

Lido is the leading provider of liquid-staking solutions and its staking token, stETH, has a $13.8 billion market capitalization.

Lido's total value locked (TVL) has declined by almost 10% in the last month. This is attributable to the consistent fall in the prices of ETH, MATIC and SOL.

Lido Finance readies for a token unlock, and LDO's path forward looks promising, with a 50% volume surge and an RSI bounce.

In a recent development, Lido Finance, the prominent Ethereum staking protocol, has moved swiftly to address concerns surrounding the safety of its Lido DAO (LDO) and staked-Ether (stETH) tokens. These concerns arose following reports from blockchain security firm SlowMist, which raised questions about a potential security vulnerability in the LDO token contract.

Lido Finance, a prominent Ethereum staking protocol, has moved swiftly to address concerns regarding the security of its Lido DAO (LDO) and staked-Ether (stETH) tokens.