Lido, the prominent liquid staking protocol, has announced the discontinuation of its liquid staking protocol on Polygon, marking the end of its operations over the coming months. Following extensive discussions on the DAO forum and a community vote, LDO token holders officially approved the decision to phase out Lido on Polygon. The process is set...Read More
The Ethereum Foundation holds $970.2 million in its treasury, according to the newly released report. This includes $788.7 million in crypto and $181.5 million in non-digital asset investments. A major 99.45% of the foundation’s crypto holdings are in ETH, which represents 0.26% of the total ether supply as of that date. By prioritizing ETH for...Read More
Following a successful vote, Lido DAO has given the go-ahead to activate the Community Staking Module (CSM) on the Ethereum Mainnet. As the first Lido Protocol feature to allow open access, CSM aims to allow a broader range of participants to operate Ethereum validators, even with minimal technical experience and less than 32 ETH. Boosting...Read More
Market-leading liquid staking platform Lido has enabled staked ETH withdrawals. The move came as Lido launched the V2 upgrade live to mainnet on May 15. The upgrade is the largest yet for the protocol, and it has two major components: “Lido V2 introduces two major components, with the most user-facing aspect being Ethereum withdrawals. This...Read More
Liquid staking protocol Lido Finance recorded its highest daily stake inflow on Saturday, with more than 150,000 ether (ETH) staked on the platform. According to Web3 data analytics platform Lookonchain, Tron blockchain founder Justin Sun staked 150,100 ETH worth $240 million on Lido. On-chain data shows Sun deposited the assets in four separate transactions. Lido Activates...Read More
