Tag Archives: Lido DAO

SEC sues Consensys for the services provided on Metamask, a popular Ethereum wallet The commission also claimed that the blockchain developer acted as an unregistered broker dealer for selling “thousands of unregistered securities” for Lido and Rocket Pool Lido DAO, the liquid staking platform solution for Ethereum, became one of the highlights of the dayContinue reading “Lido DAO (LDO) dips after SEC goes after Consensys for Metamask services”

Blockchain security firm SlowMist claimed there was an exploit involving Lido Finance’s contract token while the liquid staking protocol assured users that funds were safe.

Since May, Lido DAO token has traded between the $1.57 and $2.56 levels, the mid-range mark at $2.07 was also a notable level.

Liquid staking protocol Lido witnessed some massive gains in the last seven days. However, LDO didn’t mirror the sentiment on the price front and the metrics too painted a gloomy picture for hopeful traders.

A significant number of LDO long-term holders do not seem convinced to let go of the tokens. Could LDO be nowhere near the top?

Lido’s price was inversely affected by the recent sell-off as it went up in the last 24 hours. The possibility of a continued surge seemed likely as it was backed by positive market indicators and metrics.

The total value locked (TVL) on Lido went past $11 billion on 5 April – Its highest level in 11 months Lido’s share in ETH staking has declined from 61% towards the start of February to 31% at press time Ethereum liquid staking solution Lido Finance’s [LDO] upcoming V2 upgrade will be a significant milestoneContinue reading “A new 11-month high for Lido as Ethereum’s Shapella looms large”

Lido Finance has seen close to an 18% increase in its TVL within the last month. LDO has also seen over 240% increase in value since the start of the year. The Total Value Locked (TVL) for Lido [LDO] increased significantly during the past month, according to statistics from DefiLlama. Moreover, LDO experienced tremendous priceContinue reading “LDO TVL rises as support moves upward: Can its expansion continue?”

Lido’s TVL registered a decline, but daily active depositors increased over the last week. LDO registered gains in the last 24 hours, but things might change soon. The week did not start on a good note for Lido Finance [LDO] as it registered a decline of over 6% in its Total Value Locked (TVL). TheContinue reading “LDO rallies 2.5% in 24 hours, but a reversal may be near”

The total value locked on Lido Finance went past $8 billion in January. Despite the feat, the protocol’s native token was down 5.82% at press time. Lido Finance [LDO] had a rollicking start to 2023 after it eclipsed MakerDAO [MKR] to become the biggest decentralized finance [DeFi] protocol, as per DappRadar. Moreover, the total valueContinue reading “Lido Finance [LDO] emerges as the king of DeFi, but there is a problem”

Lido’s market share declines as Coinbase enters the liquid staking market. Competitors offer better APR rates and declining network growth affects the Lido token. According to Delphi Digital’s recent data, Lido’s market share declined significantly over the last year. This can be attributed to the entry of Coinbase into the liquid staking derivatives market inContinue reading “Is Lido’s dominance in the liquid staking market at risk? Recent data suggests…”

Lido witnessed surge in staked deposits, TVL grew as well. Negative long/short difference suggested potential selling pressure as prices rose. Over the last week, the Lido [LDO] protocol witnessed a surge in the number of staked deposits on its platform. According to a tweet on 24 January, the number of staked deposits on Lido increased,Continue reading “Lido witnesses surge in staked deposits: Will LDO’s growth be sustainable?”