The Lido community has voted to end staking services on Polygon, due to significant challenges that has limited adoption. Lido Shuts Down Polygon Staking Lido Finance has announced it will be effectively discontinuing its staking service on Polygon. According to a Dec. 16 blogpost, the decision was reached after an extensive decentralized autonomous organization (DAO) […]
Metalex and Lido Finance have rolled out a bold proposal to launch the first major cybernetic organization (BORG), setting their sights on boosting trustlessness in the crypto world. This move marks a fresh chapter in merging legal structures with autonomous technologies, further enhancing the power of decentralized autonomous organizations. Enter the BORG—Metalex and Lido Finance […]
In the last two weeks, liquid staking derivative (LSD) protocols have experienced a decline of 60,000 ether valued at over $ 198 million, with Lido accounting for 40,000 of the ETH withdrawn. LSD Sector Snapshot: $ 198 Million Ether Withdrawn in 2 Weeks Liquid staking has been witnessing a decrease; on April 15, …
A bug in the smart contract of Lido’s discontinued Solana staking service is reportedly preventing users from withdrawing digital assets valued at more than $ 24 million. Lido attributes this issue to “a problem with the maintainer bot and the recent update of rent-exempt terms for Solana staking accounts.” Discontinued Solana Staking Service A …
Five days ago, the total value locked (TVL) in decentralized finance (defi) protocols exceeded the $ 80 billion mark, and since that point, it has expanded by an additional $ 11.66 billion. As it hovers above the $ 91 billion threshold, the TVL is approaching the $ 100 billion milestone, a …