Lido Finance – the leading liquid staking protocol on Ethereum – has reached a significant milestone in its development by tapping one million Ethereum validators. This essentially represents a massive scale of participation in Ethereum 2.0 staking. Such a large number of validators is expected to improve the security and resilience of the network, making...Read More
The Lido on Solana project will wind down following the inability of the P2P team to sustain the project due to financial constraints. According to the team, the sunsetting of the project will happen over the coming months, with stSOL token holders given until February 2024 to unstake through the Lido on the Solana frontend....Read More
Blockchain entrepreneur Justin Sun has emerged as the largest Ethereum (ETH) pledger, committing over 282,796 ETH, approximately equivalent to $439 million. Sun committed significantly to the Ethereum 2.0 staking platform, Lido, utilizing two distinct addresses. This recent blockchain activity underscores Sun’s ongoing investment in the Ethereum ecosystem. Sun’s Investment in the Ethereum Ecosystem On Oct....Read More
Leading liquid staking protocol Lido Finance revealed on Wednesday that 20 Ethereum validators related to one of its infrastructure partners had been slashed of their ETH holdings. The company said its penalties already amount to 20.04 ETH, currently worth $30,900. What is “Slashing?” In an update over Twitter, Lido said that the problematic validators –...Read More
Cosmos-based Stride has been on a roll lately. According to a recent Nansen report, the protocol currently commands more than 80% of the market share within the Cosmos ecosystem. Despite the prolonged market-wide bearish trend, Stride’s governance token – STRD – has surged 330% year-to-date. STRD surpassed both Ethereum (ETH) as well as the native...Read More
The team behind the Lido on Solana project is struggling to meet its initial objectives and is looking to the community to fund the project with $1.5 million for growth and development. However, its staking solution on the Solana network could cease if the project does not get financial assistance. A $1.5 Million Budget to...Read More
The U.S. Securities and Exchange Commission is convinced that all crypto assets aside from Bitcoin are securities. Its latest war on crypto exchanges has included staking services, which the regulator seeks to shut down. This could push more staked ETH out of exchanges and onto the market-leading liquid staking provider Lido. This may sound good,...Read More
Lido Finance – which is the largest liquid staking protocol on Ethereum – upgraded to version 2 earlier this week. The move essentially enabled liquid staking users, meaning, the holders of staked ether (stETH), to withdraw stETH to ETH from Lido at a 1:1 ratio. The latest data suggest that only 0.42% of the withdrawals...Read More
Celsius’ wallets have been quite active amid its ongoing bankruptcy and restructuring process. The beleaguered crypto lender – which remains one of the biggest firms with a staked ETH portfolio – has transferred almost $900 million worth of the crypto asset over the past week. Celsius’ Ether Movement According to data shared by the blockchain...Read More
According to the Token Unlocks dashboard, just over a million ETH has been withdrawn from the Beacon Chain following the Shapella upgrade on April 12. However, the staking balance has not decreased by one million because 370,000 were deposited in the same period. Therefore, the current staking balance has declined by 640,000 ETH, according to...Read More
