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The Lido Finance [LDO] liquidity pool activity over the last seven days showed that Layer-two (L2) protocols have been outperforming others on the chain. According to the liquid-staking platform, both Arbirtrum and Optimism [OP] showed a higher contribution towards the Lido pool between 3 and 10 October.
For initial deployment to L2, Lido revealed going forward with wrapped, non-rebasing, wstETH.
Lido is now live on layer-2 solutions, Arbitrum, and Optimism, and would allocate 150,000 LDO tokens in rewards per month from Oct 7 for wstETH across each network.
In a series of tweets made by Lido Finance [LDO] on 6 October, the leading Ethereum [ETH] staking platform confirmed the launch of ETH staking on layer two scaling solutions with token bridging to Arbitrum One and Optimism.
Lido integrated support for wrapped staked ETH on Layer 2 networks with a monthly rewards program to incentivize users. The post Lido launches support for staked ETH on Layer 2 integrations appeared first on The Block.
Lido Finance, one of the largest Merge staking providers, has launched on two layer-2 networks, Optimism and Arbitrum that will reportedly improve its accessibility
Lido Finance announced that it is available on Layer-2, and users can bridge their staked Ethereum. Currently, Arbitrum One and Optimism are supported.
The staking provider will offer its users to bridge their stETH to the popular L2 networks and reduce gas fees.
Lido Finance, one of the largest Merge staking providers, has launched on two layer-2 networks, Optimism and Arbitrum.
Lido has around 40% of all the staked ETH on the Beacon Chain.
Users of Ethereum's quicker, cheaper layer 2 networks will have access to the new wrapped staked ETH (wstETH) token.
Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.
New updates for Chainlink, post-merge improvements for Lido, and Maker's impressive revenues have helped these DeFi tokens take flight.
Lido Finance's [LDO] tremendous run between June and August seems to have ended following its recent mediocre performance. Recall that LDO went parabolic in June and continued the surge into August while recording three digits percentage profits.
Be[in]Crypto takes a look at the five cryptocurrencies that dumped the most last week, more specifically, from Sept. 23 to Sept.
When it comes to Decentralized Finance protocols, a handful stands out from the pack.
After a string of hacks and exploits across the DeFi industry resulting in millions in funds lost or in related damages, proceeding with caution is always wise. Knowing which protocols, projects, and platforms to trust is a challenge, but as open-source code, it can be checked by the public and private firms.
Gina Sanchez of Lido Advisors join CNBC's Frank Holland and the 'CNBC Special: Markets in Turmoil' to discuss where she's seeing investment opportunities in this market.
The firm behind the recent success story, where $350M in damages were prevented from hitting the Avalanche blockchain, has released an in-depth audit report of the popular Ethereum liquidity staking solution, Lido. The report has ultimately given Lido an all-clear signal, noting that no significant vulnerabilities were discovered.
The broader crypto markets are experiencing a huge bearish pressure ahead of the FOMC meeting. The global market cap which had recovered above $1trillion again dropped below the levels while the trading volume also dropped nearly 4% majorly holding the buying volume.
Crypto and stock markets continue to correct, but that doesn't mean all the investment opportunities are gone.
The cryptocurrency market has experienced modest gains over the past day after trading significantly below average to begin the week. Despite investors' cautious optimism about coin prices, it appears that there are still opportunities to profit.
The crypto market has had a bearish run for the past 4 months and has been the reason behind many projects shutting their operations.
ETH stakers on several platforms will not be receiving the ETHW airdrop when it occurs; notable platforms include Binance and Lido. While most stakers anticipate some new tokens in the form of ETHW airdropped to their wallets should the Ethereum fork occur, Binance, Lido, and others have announced nonsupport for the airdrop.
