Lido


Tech

Rocket Pool Community Voting Whether to Self-Limit Its Growth

If passed, the vote establishes a guiding set of principles to inform Rocket Pool’s decision-making process in limiting the percentage of staked ether in its ecosystem.

The Ethereum Merge is ready to launch. (DARPA/Wikimedia)

Finance

Crypto Custodian Aegis to Add Coverage of Lido's Staked Token Derivatives

Aegis’ end-to-end custody now includes liquid staking services through Lido for its institutional users wary of regulation.

(Pixabay, modified by CoinDesk)

Markets

Lido’s Total Value Locked Spiked 33% In Past Month, Becoming Largest DeFi Protocol by TVL, Says DeFiLlama

Users have deposited $7.8 billion into Lido to reap rewards for the protocol’s community-led validator staking service, heating up the liquid staking derivatives space.

(Noah Buscher/Unsplash)

Markets

Bernstein: Recent Gains in Some Cryptocurrencies Caused by Short Covering

Altcoins such as solana and lido have gained more than 20% as investors betting on a decline have covered their positions, a report from the brokerage firm said.

El estrangulamiento de posiciones cortas impulsó las ganancias en altcoins. (Bella H./Pixabat)

Markets

Crypto Markets Start Year on Positive Note After Horrendous 2022

The governance token of the Lido decentralized autonomous organization surged 26% so far in 2023, while bitcoin and ether have held steady after last year's steep losses. Some 142 assets of 163 assets in the CoinDesk Market Index are trading higher in the new year.

LDO is one of 142 assets out of 163 assets in the CoinDesk Market Index that are trading higher so far in 2023, followed by JASMY and MPL. (CoinDesk Indices)

Markets

Ethereum's Upcoming Shanghai Upgrade Powers Lido DAO, SWISE, RPL Tokens Higher

Governance tokens of top liquid staking products rally as Ethereum's Shanghai upgrade is set to "de-risk" ether staking by opening ETH withdrawals.

Principales tokens de gobernanza de staking con liquidez. (Coingecko)

Finance

Staked SOL Tokens Falter as Solana Traders, Stakers Rush for Exits

FTX’s surprise implosion has rattled the infrastructure of Solana staking.

Oficinas de Solana en Nueva York, Estados Unidos. (Danny Nelson)

Markets

Stablecoin Issuer Frax Finance Unveils Ether Staking Service With a Dual Token Model

The model will simplify DeFi integrations and supposedly allow users to earn above-average ether staking yields.

Frax Ether promises above-average ether staking yields. (ClaudiaWollesen/Pixabay)

Tech

Lido’s stETH Token Expands to Layer 2 Networks Optimism and Arbitrum

Users of Ethereum’s quicker, cheaper layer 2 networks will have access to the wrapped staked ETH (wstETH) token.

(Getty Images)

Videos

Ethereum Network Shows Signs of Increased Centralization After the Merge

In the hours following the long-awaited Ethereum Merge on Thursday, over 40% of the network’s blocks were added by just two entities: Coinbase and Lido. “The Hash” team discusses whether the shift from proof-of-work (PoW) to proof-of-stake (PoS) increased centralization of the network.

CoinDesk placeholder image

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