Latest News

The LSD sector continues to grow despite the volatility in the DeFi space. Lido takes the center stage with its impressive performance.

A Lido team member claimed Rocket Pool is not really governed by its DAO, but Rocket Pool community members pushed back, claiming the protocol is becoming more decentralized.

Lido staked all its ETH reserves in its treasury making it the 13th largest holder of stETH.

After replacing MakerDAO as the leading DeFi protocol in January, Lido's TVL has since grown tremendously.

The Lido community has successfully passed a proposal to stake 20,000 ETH in the protocol treasury, aiming to generate a substantial annual income.

Find out how Lido got its community nod on some recent proposals. More details about happenings on the protocol here.

Key Points: Lido community, a decentralized staking protocol for Ethereum 2.0, has put forth a proposal aimed at enhancing the platform's operational sustainability. The proposal suggests allocating 20,000 ETH to the protocol fund, with the goal of generating additional revenue to offset ongoing costs.

The community that governs Lido is currently voting on whether or not it should stake all of the ether in its treasury in its own protocol.

The total number of Ethereum locked on liquid staking derivatives (LSD) protocols reached 10 million on June 29, according to data from DeFillama. Liquid staking protocols allow users to earn staking rewards while providing liquidity for other crypto-based activities, such as Lido (LDO) and Rocket Pool (RPL).

According to CoinGecko data, the current price of Galeon (GALEON) is $0.01381767, with a trading volume of $118,705.00 in the past 24 hours. This indicates a decrease in price of -0.92% over the last 24 hours and a further decrease in price of -1.29% over the last 7 days.

Lido is the leading staking platform in terms of net new ETH deposits to the Ethereum beacon chain. The growing deposits are a testament to the platform's continued growth.

LDO could retrace to the $1.8 short-term support if BTC's pullback extends. Bulls can buy on a retest of $1.8 support.

Justin Sun, the founder of the Tron network, withdrew $29.7 million worth of Ethereum (ETH) from Lido Finance's liquid staking platform.

The Lido Decentralized Autonomous Organization (DAO) is voting on a proposal to introduce tiered rewards to ETH stakers.

Lido's revolutionary proposal aims to transform ETH staking, forging partnerships, and reshaping rewards. Its impact on LDO's fate remains uncertain but holds immense potential.

Tron founder Justin Sun has made headlines in the cryptocurrency world as he recently withdrew $29.7 million worth of Ether (ETH) from Lido Finance and transferred the funds to Huobi. The move has sparked speculation about Sun's intentions and potential impact on Lido Finance.

The proposal incorporates a revenue-sharing agreement between BitDAO and Lido DAO, creating more collaboration between them.

Justin Sun has transferred nearly $30 million worth of ETH tokens to Huobi, sparking rumors of a large upcoming sale.

In a recent development, Justin Sun, founder of the Tron network and a prominent figure in the crypto space, withdrew a significant amount of Ether (ETH) from liquid staking platform Lido Finance.

Crypto wallets linked to Sun still hold some $543 million in Lido's stETH token, according to Arkham Intelligence data.

The SEC lawsuit against Coinbase led to a surge in ETH staked on decentralized protocols like Lido, boosting activity and revenue for the protocol.

Synthetix is pleased to announce the addition of Lido Finances' stETH as the latest asset for leverage trading on Synthetix Perps. This new perpetual futures market “has been approved by SIP 2021 and had parameters set in SCCP 2015.

On June 18, 2023, the total value locked (TVL) in decentralized finance (defi) protocols has been rangebound and hovering at just above the $42 billion range. Presently, Lido Finance dominates the value locked in defi with $12.69 billion or 29.76% of the aggregate.

While the move could result in higher collateral rates, it could also stimulate an increase in DAI's circulation