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Lido and Optimism aim to increase the availability of wrapped staked ether (wstETH) with OP tokens through the new liquidity mining and user incentives program.
A new 1 million OP token grant means Lido Finance users looking to earn some extra yield can do so by porting over to Optimism.
Lido DAO is trying to decide whether to sell or stake the 20,304 ETH it holds in its treasury.
The latest price moves in bitcoin (BTC) and crypto markets in context for Feb. 15, 2023. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.
While LidoDAO's current inflows of about 1000 stETH are sufficient to cover operating costs for the time being, it's worried that may not last.
The week did not start on a good note for Lido Finance [LDO] as it registered a decline of over 6% in its Total Value Locked (TVL). The decline happened after Ethereum's [ETH] price plummeted by over 7% over the last week.
These three digital tokens are absolutely taking off today.
Major Ethereum liquid staking project Lido is currently discussing whether to sell or stake all of its treasury ether tokens.
The SEC's war on crypto is expanding.
Blish believes the biggest challenge would emerge if the SEC decides that no U.S. citizen should interact with crypto staking protocols.
With a 16.77% market share of the $47.2 billion worth of crypto assets locked on several decentralized finance (DeFi) protocols, Lido Finance (Lido) retains its spot as the leading project with the highest total value locked (TVL).
Jacob Blish, head of business development at the decentralized autonomous organization (DAO) that runs Lido Finance, said the SEC's enforcement actions are likely a “net benefit” for decentralized liquid staking providers but added that it “really depends on what the final resolution is,” Bloomberg News reported.
Lido Finance, one of the largest liquid staking programs with over 5 million staked Ethers, has issued uncertainty concerns on the status of Decentralized Financial ecosystems (DeFi) following last week's $30 million settlement of Kraken exchange with the U.S SEC.
A Lido DAO member raised concerns over what impact the SEC's crackdowns on staking could mean for the future of DeFi in the U.S.
Last week's SEC's crackdown on the Kraken exchange and the shutdown of its crypto staking services set a new precedence for the agency's enforcement in the crypto space. Now, the DeFi space could face similar challenges ahead.
BTC price could remain range-bound in the near term, but MATIC, HBAR, LDO and BIT could continue higher.
Lido Dao continues with its highly-volatile performance as of late.
FXS, LDO, and RPL are all down by over 10% on a daily scale.
The price of Lido DAO (LDO) has fluctuated wildly over the past few days amid speculations that the US Securities and Exchange Commission may ban US cryptocurrency firms from offering staking services. After witnessing a massive spike over the last four days, Lido Dao token is currently trading in the red at $2.57.
LDO, the governance token of the decentralized autonomous organization behind Lido, spiked after Coinbase CEO Brian Armstrong tweeted that he'd heard rumors that the U.S. Securities and Exchange Commission (SEC) might ban retail investors from engaging in cryptocurrency staking. The Lido protocol, governed by the LDO token, allows for the staking of ether.
Kraken has put an end to staking as a service and Coinbse could eventually be forced to follow suit. Will this create opportunities for LDO, FXS and RPL?
Lido and Rocket Pool didn't immediately see a massive rush in of capital after Kraken announced it had settled with the SEC.
This week, we take a closer look at Ethereum, Ripple, Cardano, Solana, and Lido. Ethereum (ETH) With the bullish momentum lost, Ethereum has entered a corrective phase, dropping by 5.9% in the past week.
The Lido Finance [LDO] price increased against the broader market sentiment after Coinbase CEO Brian Armstrong raised an alarm about a possible crypto staking ban. But why has Lido gained after speculation of a potential prohibition?
