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Crypto Staking Service Provider Lido Finance has begun discussions on a governance proposal to sell 20 million Lido DAO (LDO) tokens and diversify its treasury into stablecoins to fund its operating needs.
Lido finance will cut fees and will increase the speed with the new Ethereum layer-2 integration as the fees on Ethereum today are low but the goal is to keep them lower so let's read more today in our latest altcoin news today.
Lido Finance, a decentralized finance startup that provides liquidity as a service (LaaS), as well as working as a third-party staking pool operator for Ethereum 2.0, has announced plans to expand its platform to Ethereum's Layer 2 space. Layer 2 solutions are designed to scale the Ethereum network by moving some of the processing off-chain.
Staking is still a relatively new phenomenon in the world of virtual currencies. And also many individuals are still not familiar with its advantages. While blockchains like Ethereum have their importance in the industry, the need for faster alternatives continues to exist.
Crypto staking service provider Lido Finance has come a long way. From fears of shrinking liquidity for the staking derivative to Lido's native token skyrocketing to a weekly-high of $0.66, the organization has stood its ground.
The cryptocurrency LDO has seen a significant price increase due to its plans to expand services across various Ethereum Layer 2 scaling solutions.
After more than a month, the crypto market is back above the $1 trillion mark, with mostly all altcoins trading in green.
If the deal gets approved, the Lido treasury will receive $29 million in the DAI stablecoin from investors. The post Lido Finance proposal wants Lido DAO to sell 2% of all LDO tokens appeared first on The Block.
Several DeFi tokens, including Lido and Aave, have enjoyed hefty, double-digit gains over the past seven days.
Prominent staking protocol, Lido is all set to expand to layer 2 networks starting with Optimism and Arbitrum.
stETH's expansion to layer 2 means lower fees and more yield-generating opportunities for investors staking ether.
Lido DAO announces that it has opened a vote and plans to sell 2% of the total LDO. The 2% of the total LDO, which will amount to 20 million LDO, will be sold at a price of $1.45.
Questionable proposal might ruin 200% rally LDO went through in last week
The biggest lending protocol AAVE successfully survived the April to June crash. Of late, the momentum of the market has changed.
The Lido development team has revealed plans to expand the protocol across several Ethereum Layer 2 scaling solutions. The team also confirmed that it would initially launch the offering on Optimism and Arbitrum.
Lido will offer a wrapped version of stETH across several Ethereum Layer 2 solutions.
The liquid staking giant says it wants to bring staked ETH (stETH) to the Ethereum Layer 2 decentralized finance space. The post Lido to launch liquid staking on Ethereum Layer 2 networks appeared first on The Block.
Lido DAO (LDO) has rallied more than 170% over just the last 7 days. Ethereum's tentative deadline for the launch of the merge is one of the expected reasons for the price rally.
Lido Finance is a leading DeFi protocol wherein users, for Lido Staked ETH (stETH) and a small percentage in yield, are allowed to deposit Ethereum.
As markets responded to Shadow Fork 9's announcement, ETH was back in the green. Ethereum is currently regaining ground and progressing due to the favorable market situation.
The Lido DAO is in overbought territory since April and the LDO prices are rallying by 150% in just two weeks so what seems to be driving the rally? Let's find out today in our cryptocurrency's latest news.
150% price increase of LDO is not enough to cover losses it faced in last few months
This post is all about the top 5 cryptocurrencies that performed well in the last seven days. At the time of writing this, the BTC price is sitting at $21,281.50.
The under-the-radar token of a decentralized autonomous organization (DAO) is surging this week, more than doubling its value. The native token of Lido DAO (LDO) has skyrocketed from a seven-day low of $0.58 to a high of $1.25, marking an increase of 115.52% in just one week.
