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With the hope of implementing its V2 upgrade on 15 May, liquid staking platform Lido Finance is set to enable stETH:ETH withdrawals and a staking router architecture.
Lido DAO governance is voting on whether to return funds that ended up in its execution layer rewards vault following a SushiSwap attack that resulted in a $3.3 million breach last month.
Lido DAO dropped 8% as Ethereum price correction spreads to staking protocols. However, on-chain data suggests a positive LDO price prediction
The Ethereum (ETH) market is on the cusp of significant correction after the new year crypto relief rally seems to be fading away. While the Ethereum prices have maintained a rising trend through higher highs and higher lows, the bulls have struggled to reclaim post-Shanghai tops of about $2,122.
Stakers will soon be able to swap stETH for ETH for the first time since 2020.
The date for the unlocking of ETH was revealed by Lido Finance, and it is anticipated that it will take place on May 15.
Lido DAO (LDO) and Bitcoin Cash (BCH) are the two exceptions from the top 50 altcoins with notable gains.
Today's cryptocurrency market showcases Lido (LDO), Kava (KAVA), Bitcoin SV (BSV), Flare (FLR), Huobi Token (HT), and OKB (OKB) as the top gainers, while PepeCash (PEPE), Woo Network (WOO), Floki Inu (FLOKI), Conflux (CFX), Injective Protocol (INJ), Render Token (RNDR), and Dash (DASH) have faced losses.
The Lido DAO (LDO) recently saw its largest transaction in two years, according to blockchain analytics firm Santiment. The transfer involved $135 million worth of LDO, which was moved from one self-custody wallet to another.
According to on-chain analytics firm Santiment, Lido DAO just saw its largest transaction in two years, worth over $135 million, as transaction volume soared.
A significant number of LDO long-term holders do not seem convinced to let go of the tokens. Could LDO be nowhere near the top?
DeFi staking protocol Lido DAO (LDO) has just experienced its largest network transaction in two years, according to a report by Santiment. The popular on-chain analytics firm states that on May 5, $135 million worth of LDO tokens were transferred from one self-custody wallet to another.
Since April 18, 2023, the total value locked (TVL) in decentralized finance (defi) has been fluctuating just below the $50 billion threshold. As of today, the TVL amounts to $49.31 billion, registering a 1% increase within the last 24 hours.
Today's cryptocurrency market showcases Casper (CSPR), Internet Computer (ICP), Trust Wallet Token (TWT), Toncoin (TON), Kava (KAVA), and Quant (QNT) as the top gainers, while SUI (SUI), Stacks (STX), Optimism (OP), Mina Protocol (MINA), Lido DAO Token (LDO), Injective Protocol (INJ), and Flare (FLR) have faced losses.
Lido had a higher ETH value staked in May last year because of the higher price tag at the time. Nevertheless, the current uptick represents a recovery in the amount of staked ETH,
Ethereum's Shanghai upgrade spurred deposit inflows to liquid staking protocols, including to the largest player Lido.
These 5 altcoins have interesting developments lined up in May.
The Lido protocol's substantial revenue generation has led to a significant increase in the strength of its treasury.
LDO's money flow indicator registered a mid-week pivot last week and has since achieved some upside, confirming that liquidity is flowing in.
As per Coinglass' data, the number of long positions taken in favor of LDO increased despite the volatility of its price.
Lido's Staked Ethereum market cap reached an all-time high of over $12 billion due to the rising interest in the liquid staking protocol.
The Lido community has begun voting on the proposal to establish a treasury management committee.
The Lido DAO community will vote on accepting the Abitrum airdrop and use the requested ARB token as an emission reward to incentivize the use of staking ether (wstETH) throughout the Arbitrum ecosystem.
A new proposal would see Lido accept its $1.2 million in ARB tokens and reward them to liquidity providers in wrapped staked ether pools.
