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Lido DAO adopts NTT standard to facilitate wstETH transfers to BNB Chain via Wormhole and Axelar, enhancing cross-chain interoperability. (Read More)
Lido has reported a rise in staked Ethereum on its platform despite the US Securities and Exchange Commission (SEC) classifying its staking programs as securities in its lawsuit against Consensys. Staked Ethereum increase A July 2 report showed that Lido users staked an additional 95,616 ETH between June 24 and July 1. This increased the […]
The post Lido sees around 100k increase in staked Ethereum amid SEC scrutiny appeared first on CryptoSlate.
Aave’s decentralized autonomous organization (DAO) is evaluating a proposal to join the Lido Alliance and establish a dedicated market for the liquid staking protocol’s staked Ethereum (stETH) token. The Lido Alliance aims to promote infrastructure development around stETH, focusing on restaking use cases. This alliance emerged in response to the rising dominance of EigenLayer, an […]
The post Aave DAO evaluates joining Lido Alliance to boost staked Ethereum market appeared first on CryptoSlate.
Lido’s governance community is reviewing a new proposal to give staked Ethereum (stETH) holders more influence in protocol decisions. The May 8 proposal, dubbed Lido Improvement Proposal 28 (LIP-28), introduces a Dual Governance framework. Presently, only LDO token holders can vote on changes to the Lido protocol. This gives them complete control over decisions that […]
The post Lido proposes dual governance upgrade to empower stETH holders in decisions appeared first on CryptoSlate.
Throughout this month, bitcoin and ethereum have risen to their highest valuations in years. These two pivotal crypto assets have substantially influenced the cryptocurrency market, with bitcoin currently holding a 51.9% market dominance and ethereum at 17% as of mid-March 2024. Furthermore, in recent years, derivative tokens of bitcoin and ether have garnered significant popularity. [...]
The post BTC and ETH Derivative Tokens Dominate by Securing Several Top Positions in the Crypto Economy appeared first on Crypto Breaking News.
Lido Finance, a liquid staking protocol for Ethereum, activated a "staking rate limit" after more than 150,000 ETH was staked in a single day. The mechanism aims to address any negative effects of high inflows, limiting the amount of staked Ether that can be minted within a 24-hour timeframe. (Read More)
Nearly 64k Staked Ethereum or stETH worth approximately $890 million was converted to Eth during the then de-pegging of stETH/ETH in May-June 2022. This was revealed by leading blockchain sleuth Peckshield via tweet. However, these were not ordinary wallets. As per the data tracker, the three wallets were linked to the now-defunct crypto exchange FTX. […]
The attacker behind the February 2022 Wormhole exploit has moved $155 million, converting the funds to staked Ether.
Seven months down the line, 3AC founder, Zhu Su, has come out openly to blame Digital Currency Group (DCG), the parent firm behind Grayscale Investments and Genesis Trading, for the collapse of Terra. Last year saw some of the most dramatic collapses in the history of cryptocurrencies. It all started with the collapse of Terra ... Read more
<p>The post 3AC founder Zhu Su alleges DCG and FTX caused the fall of LUNA and STETH | Invezz first appeared on CCNC.</p>
This article is all about the Lido Staked ETH price prediction. Let's take a look at it in more detail.
Lido (LDO) staked Ethereum (stETH) traded at a discount to Ethereum (ETH) on Curve after a whale removed 84,131 ETH ($101 million) from the protocol, allowing arbitrageurs to profit from the situation.
The post Massive staked Ethereum withdrawals by whales allow arbitrageurs to profit appeared first on CryptoSlate.
Lido has around 40% of all the staked ETH on the Beacon Chain.
This article is all about what is Lido Finance and how to stake lido finance. Let’s take a look
Lido, a multichain liquid staking solution, and Idle DAO, a decentralized organization building financial products for Web3, have partnered to launch a novel DeFi primitive.
The post Lido and Idle DAO launch new risk-adjusted ETH 2.0 staking products appeared first on CryptoSlate.
Ethereum‘s largest staking platform, Lido, recently announced adopting stETH/USD Chainlink Price Feed.
The post Ethereum-based liquid staking solution Lido announces the integration of Chainlink Price Feeds appeared first on CryptoSlate.
ave's Q2 2023 report shows a 9% growth in total value supplied, outpacing the market. Key developments include the launch of GHO stablecoin, a rise in stETH deposits, and the anticipated release of Portals. (Read More)
With the crypto economy experiencing significant gains over the past week and the price of ethereum rising 11.9%, the market capitalization of Lido’s staked ether has increased to $10.3 billion. This recent increase has propelled the token’s overall market valuation to the ninth-largest position, according to the crypto market capitalization aggregation website coingecko.com. Lido Finance’s [...]
The post Lido’s Staked Ethereum Token STETH Reaches $10.3B Market Capitalization, Ranks Ninth by Market Valuation appeared first on Crypto Breaking News.
Lido (LDO), the leading liquid staking derivatives (LSD) protocol, recently made waves in the crypto community by enabling staked ETH (stETH) withdrawals. Expectations were high as many anticipated a surge in stakers unstaking their ETH. However, contrary to these predictions, Lido has witnessed a remarkable increase in ETH deposits, reaching a record-breaking level. This surge has also been reflected in the protocol’s native token which has recorded a rally of more than 20% in the past week. Related Reading: Lido (LDO) Surges 16% In Single Day, Maintains Dominance In Liquid Staking Market ETH Deposits Soar to New All-Time High Despite the introduction of stETH withdrawals, Lido experienced a surge in ETH deposits, defying expectations of widespread unstaking. On Friday, the platform witnessed a significant milestone as the total number of ETH deposited hit an all-time high. According to data provided by Lido, an astounding 6,373,289 ETH is currently staked with Lido, equivalent to more than $11.5 billion. Interestingly, while ETH deposits on Lido continue to soar, stETH withdrawals have remained stagnant around the 450,000 ETH mark, as reported by data from Nansen. It is worth noting that these withdrawal requests have yet to be processed, contributing to the overall stability of stETH withdrawals. This trend raises questions about the anticipated unstaking frenzy, prompting a closer examination of the factors influencing stakers’ decisions. As the most significant liquid staking derivatives protocol, Lido holds an impressive 75% market share, surpassing its competitors in the Liquid staking (LSD) space. Notably, according to data from Nansen, Coinbase and Rocket Pool trail behind, occupying the second and third positions. Furthermore, while it may sound like positive news that ETH deposit is surging while withdrawal flattens, it is worth noting there are several reasons behind this so as not to get carried away. On the one side, the stabilized withdrawal can be attributed to the pending processing of withdrawal requests. On the other side, it can be attributed to stakers’ long-term commitment to the protocol and the attractiveness of Lido’s offerings amidst the volatile crypto landscape. Lido Surges 20% In The Past Week Along with its surge in market share, Lido native token LDO’s price has experienced an upward trend in the past week up by more than 20%. Lido has surged from a low of $1.81 seen last Friday to trading as high as $2.48 on Wednesday. Related Reading: Lido DAO (LDO) Surges Nearly 20% In The Past 7 Days, Here’s Why LDO market capitalization has also recorded huge gains in the past 7 days. LDO’s market cap has surged 20.7% from a cap low of $1.5 billion to a high of over $2 billion on Wednesday. Meanwhile, LDO’s daily trading volume has only continued to range between $60 million and $100 million throughout the week. Interestingly, the asset has plunged over the past 24 hours down by 4.4%. LDO currently trades slightly above $2 with a price of $2.18 at the time of writing with a 24-hour trading volume of $62.1 million. Featured image from Analytic Vidhya, Chart from TradingView
The bankrupt crypto lender wants its huge stash of staked Ether back, but it could be in for a wait.
The bankrupt crypto lender has been moving its massive stash of staked Ethereum.
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