Lido Risk to Ethereum Grows as SEC Targets Exchange Staking Services
The continued crackdown on crypto exchanges and their services in America could potentially increase risks in the Ethereum staking ecosystem.
Keep up with what's happening in the crypto world in real-time.
The continued crackdown on crypto exchanges and their services in America could potentially increase risks in the Ethereum staking ecosystem.
21Shares has introduced an exchange-traded product (ETP), providing investors with exposure to Lido DAO's liquid staking ecosystem.
While the product offers investors single-asset exposure to the liquid staking leader, the Switzerland-based firm classified this product as class 7 risk, the highest level.
Lido could see a price reversal if a key mid-range level doesn't cracks ahead of the US FOMC meeting.
If BTC price consolidates in the $25,000 range, ETH, XRP, LDO and RNDR could be the first altcoins to break out with recovery rallies.
Lido's [LDO] bullish momentum could ease as it approach a key supply zone alongside a weak BTC.
Lido DAO (LDO) price gains today suggest the bulls are determined to push it to the $2.5 mark as the broader crypto market cap increased in the last day. LDO has joined the top-gaining coins today, June 7, with an over 6% price increase over the past 24 hours.
The digital currency ecosystem is wriggling out of the mixed performances exhibited in the past week as it prepares to kickstart the new week on a bullish note. While in the past week many altcoins recorded huge losses, three digital currencies including XRP, Lido DAO (LDO) and Terra Classic (LUNC) recorded impressive growth in the
Aside from LDO, INJ and QNT are the two other massive gainers in the past week.
LDO was one of the biggest gainers in May. However, the price rise and growth in other aspects has not been convincing enough for the broader market.
Lido saw a surge in protocol revenue following the launch of its much-awaited version 2, enabling users to withdraw their Staked ETH to Ethereum.
FIL, LDO, and APT are today's top performers from the top 36 cryptocurrencies.
Recent data shows a surge in wstETH deposits on Aave, raising questions about the impact on Lido, Rocket Pool, and Frax Finance.
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.
Liquid staking protocol Lido witnessed some massive gains in the last seven days. However, LDO didn't mirror the sentiment on the price front and the metrics too painted a gloomy picture for hopeful traders.
The Liquid Staking Derivative (LSD) market, driven by Lido protocol, has surged in the DeFi sector, but challenges lie ahead with declining APR and token performance.
Ethereum and Lido Finance soar as revenue juggernauts, amassing millions while influencing DeFi's Total Value Locked. Price trends paint a good picture, fueling their triumph.
Ethereum and Lido Finance soar as revenue juggernauts, amassing millions while influencing DeFi's Total Value Locked. Price trends paint a good picture, fueling their triumph.
According to statistics, the liquid staking platform Lido accounted for 7.45% of the total value locked in decentralized finance (DeFi) a year ago today. Since then, Lido's market dominance has significantly increased over the last 12 months to its current 26.18% share.
Data shows that three whales have made sudden moves on three different and rarely seen platforms — Lido DAO (LDO), Illuvium (ILV), and Holo (HOT) — despite the downtrend in the broader crypto ecosystem.
Two decentralized finance projects are butting heads over a governance proposal that could see the recovery of 40 ETH stolen in Sushiswap's April hack.
The total crypto market cap has declined by over $20 billion in a day.
As of 23 May, Lido Finance protocol managed to process 98% withdrawal requests in a week. This was achieved thanks to Lido's protocol buffer that enables faster withdrawals for stakers on the network.
After establishing itself as the go-to staking king, whales now have eyes on the Lido finance token. This was because 87% of the LDO supply at the time of writing was held by whales despite holding the tokens at a loss.