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Lido has announced the discontinuation of its staking services for the Polygon proof-of-stake (PoS) chain, following a community-approved vote in November.

Lido has officially begun the phase-out of its staking services on the Polygon Proof-of-Stake (PoS) chain following a community-approved vote in November. The decision marks a significant shift in the protocol's operations, which had previously allowed users to stake Polygon's MATIC tokens in exchange for liquid staking tokens called static.

Lido, one of the largest liquid staking protocols, has announced it will discontinue its staking services on the Polygon network.

Lido Finance has just announced the sunset of its operations on Polygon.

TL;DR Lido has announced discontinuing its staking service for the Polygon PoS chain, following a community vote where 99% of LDO token holders favored the proposal. The decision is due to challenges such as low user engagement, inadequate rewards, and the evolving DeFi landscape, particularly the increased focus on zkEVM solutions.

Lido Finance announced its exit from the Polygon network due to low user adoption, resource constraints, and a strategic focus on Ethereum.

Lido is winding down its staking service on Polygon due to various challenges, including limited user adoption.

Justin Sun, the founder of Tron (TRX), is once again making headlines in the cryptocurrency world with a significant move involving Ethereum (ETH). The blockchain entrepreneur has applied to withdraw 52,905 ETH, which is valued at approximately $209 million, from Lido Finance (LDO).

Lido Finance has announced its decision to end staking services on the Polygon network, citing limited user adoption, evolving DeFi trends, and a renewed strategic emphasis on Ethereum. The post Lido Staking Protocol to Cease Operations on Polygon, Shifts Focus Back to Ethereum appeared first on Cryptonews.

Lido staking requests on Polygon are no longer available but users can still withdraw their staked MATIC through the Lido interface on Polygon up until June 16, 2025.

Lido staking requests on Polygon are no longer available. Users can withdraw their staked MATIC through the Lido interface on Polygon up until June 16, 2025.

Staking protocol Lido has announced a timeline for the sunsetting of its products on Polygon in the coming months.

Justin Sun is said to have initiated a withdrawal request of over 50,000 ETH from Lido Finance.

Justin Sun's planned acquisition of 52,905 ETH coincides with Ethereum's strong market performance, as the asset trades near $4,000 with increased trading volume and positive market metrics.

The founder of TRON, Justin Sun, has applied to withdraw 52,905 ETH, worth $209 million, from Lido Finance. This could affect Ethereum's prices, says historical data.

Justin Sun recently withdrew 52,905 ETH from Lido Finance, an amount valued at approximately $209 million. This withdrawal adds to his earlier transactions in Ethereum, and there's speculation that his activity could potentially impact the ETH market.

Lido DAO (LDO), the governance token for the Lido protocol, has been demonstrating strong bullish signals in recent trading sessions. The token has gained around 9% in the past 24 hours, which has led many market observers to speculate on the possibility of a breakout rally that could push the price toward the $3 mark.

Crypto giant Grayscale has launched two new trusts that offer investors exposure to liquid staking service Lido DAO (LDO) and scaling solution Optimism (OP). The new trusts add to the crypto firm's more than 25 existing digital asset products.

These trusts aim to provide investors with direct exposure to the respective tokens, reflecting the firm's confidence in their role

Breaking above key levels, LDO aims for $3.50 with momentum driving optimism.

Ethereum-based liquid staking solution Lido has seen its Total Value Locked (TVL) climb by 25% in the last 30 days. As a result, the Lido TVL is on the verge of reaching its all-time high of $40 billion, which it reached in March.

The Lido Dao price has maintained its bullish price sentiment by adding significant valuation to its respective portfolio over the last few days. Moreover, with a market cap of $1.99 billion, it has secured the 65th position.

Grayscale Investments has launched two new investment trusts offering exposure to Lido DAO and Optimism governance tokens.

Grayscale announced today that it's offering two new investment vehicles – a Trust based on Lido DAO (LDO) and one on Optimism (OP). Both these trusts are currently available.