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The market has been trading on a positive note since the month started, indicating a strong bullish influence in the industry. Ethereum price has gained major attraction as the price has recorded a price jump of over 10%, resulting a new yearly high, by breaking out of its important resistance level.
It has been a good week for cryptocurrencies. Bitcoin price surged to over $37,000 for the first time in 18 months. Similarly, Ethereum price surged to over $2,100 after Blackrock unveiled its ETH ETF. As a result, most altcoins, including Huobi Token, Jasmy, and Ethereum Classic surged.
Asset management giant BlackRock registered a Delaware company for a spot ether trust, fueling speculations about a potential ETF filing.
LidoDAO took control of the deployment for a wrapped version of its flagship token, stETH, on Base.
Lido Finance's robust user base surpasses 14,000, fueling an active network with fees over $1.7 million.
Lido proposed the staking router model proposal with the aim of improving the Distributed Validator Technology (DVT) on its mainnet.
In a recent move heralded as a transformative step in the realm of decentralized finance, Lido Finance, a renowned liquid staking protocol, has given its nod to a pivotal proposal aimed at integrating the Simple Distributed Validator Technology (DVT) derived from the Obol Network.
"This module represents a significant step towards strong diversification and decentralization," Obol wrote Friday.
FTX's movement of Uniswap and Lido sparks market speculation. Impact analysis reveals trajectory changes in crypto dynamics.
In the fast-evolving world of blockchain and decentralized finance (DeFi), the recent launch of LayerZero's bridge token has captured the attention of the global blockchain community. This new development allows users to seamlessly transfer Lido's $5.5 billion wrapped staked ether (wstETH) across multiple blockchains, including Ethereum, Avalanche, BNB, and Scroll.
Lido Finance has long held the lion's share of the liquid staking market on Ethereum, but what is it and how does it work?
Lido DAO has distanced itself from LayerZero's rollout of a wstETH bridge on Avalanche (AVAX), BNB, and Scroll. In an Oct. 26 statement, the staking protocol said the bridge was “not canonical and has not been audited or endorsed by the Lido DAO.
LayerZero announced a new integration to the rejoice of three different blockchains and the chagrin of one DeFi project in particular.
In the fast-paced world of cryptocurrency, the Lido DAO token is making waves, with its price currently teetering just below the $1.87 mark, trading at $1.86. Over the past week, Lido DAO has seen an impressive 27.26% surge, propelling it to a two-month high.
LayerZero's omnichain fungible token can move wstETH between Ethereum, BNB Chain, Avalanche and Scroll
With the wstETH set to act as an Ominichain Fungible Token, chains like Avalanche, BNB Chain, and Scroll seem to align with Lido's objective to interact with multiple chains.
Lido's TVL declines sharply after it ceases operations on Layer 1 blockchain Solana. However, as the market stabilized, the protocol's TVL has resumed its upward trajectory.
Despite recent setbacks, Lido Governance remains determined to chart a course for future growth in the Liquid Staking Derivative sector.
Some say Lido's 31% share of Ethereum liquid staking is troublesome, while the company insists it's ecosystem-aligned
Citing low ROI, reputation risks, and a lack of a clear roadmap, among other reasons, a new proposal to take Lido off Polygon is being considered.
The total amount of Ethereum (ETH) staked on Lido Finance, one of the many liquidity staking protocols available, has risen steadily over the past few years. Surprisingly, revenue accrued by the platform (compared to staking rewards distributed) remains comparatively low.
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.
