Lido DAO

Cega announced Thursday the launch of its Dual Current Product, which offers 22% APY for staked ether (stETH) and ETH holders.

Dragonfly-backed project rolls out structured product to enhance Lido yield

Lido operator InfStones is expected to take precautionary measures after disclosing a vulnerability that could have impacted its staked ETH.

Lido node operator InfStones agrees to rotate validator keys after vulnerability disclosure

Bitcoin

Bitcoin (CRYPTO: BTC) moved lower, with the cryptocurrency prices trading below the $37,000 level on Friday. Ethereum (CRYPTO: ETH) also recorded losses, trading below the key $2,000 mark this morning.

Bitcoin Falls Below This Key Level; FTX Token, Lido DAO Among Top Losers

Ethereum

Asset management giant BlackRock registered a Delaware company for a spot ether trust, fueling speculations about a potential ETF filing.

Coinbase, Ether Liquid Staking Tokens Lido, RocketPool Surge on BlackRock ETH ETF News

"This module represents a significant step towards strong diversification and decentralization," Obol wrote Friday.

Lido Finances approves proposal to enable Obol decentralized staking module

Lido Finance has long held the lion's share of the liquid staking market on Ethereum, but what is it and how does it work?

What Is Lido Finance, Ethereum's Largest Liquid Staking Project?

LayerZero announced a new integration to the rejoice of three different blockchains and the chagrin of one DeFi project in particular.

LayerZero Hit With Hefty Backlash After ‘Frontrunning' Lido Governance

Solana

Lido Finance, a decentralized liquid staking technology, is ceasing operations on the Solana blockchain.

Lido Shuts Down Solana Liquid Staking Service Following Community Vote, Citing Low Fees

The staking service for SOL tokens will be discontinued over the coming months, developers said.

Lido Finance Sunsets Solana Staking Product After DAO Vote

Arbitrum

Arbitrum's first grant application round has concluded, with 29 projects set to collectively receive 49.6 million ARB tokens ($40 million).

GMX to receive largest share of Arbitrum's $40 million grant, Lido misses out

20 validators malfunctioned yesterday meaning the leading liquid staker Lido Finance will face serious penalties in the coming weeks.

Lido Finance Faces Slashing Penalty of More Than $30,000 in Ethereum

Lido Finance's $4 million ARB grant proposal on Snapshot has become a battleground over the project's purported centralization concerns.

Lido's Arbitrum Proposal Splits Community Over Grant Size, Centralization Concerns

Since 2020, applications for liquid staking on the Ethereum blockchain have seen steady growth, and as of the first week of October 2023, a total of 23 liquid staking derivatives (LSD) platforms hold 12.4 million ether, valued at over $20 billion. Currently, the top three LSD protocols hold sway over 11.

Lido, Coinbase, and Rocket Pool Corner 89% of Ethereum's Booming $20 Billion Liquid Staking Market

The staking powerhouse dominates the market for liquid tokens. Is this a problem?

Does Lido Control Too Much Liquid Staking?

Cosmos

In a significant move towards enhancing cross-chain interoperability, Neutron (CRYPTO: NTRN) and Axelar (CRYPTO: AXL) have teamed up to introduce Lido's wrapped liquid-staked ETH (CRYPTO: wstETH) to the Cosmos (CRYPTO: ATOM) platform. This initiative is expected to bolster the expansion of wstETH and other assets within the Cosmos ecosystem.

Neutron, Axelar To Bring Lido's wsETH To Cosmos: A Game-Changer For Cross-Chain Interoperability

Lido has selected Neutron and Axelar to launch its wrapped liquid staked ether (wstETH) token into the Cosmos ecosystem.

Lido Finance selects Axelar and Neutron to launch wstETH on Cosmos

Lido is the leading provider of liquid-staking solutions and its staking token, stETH, has a $13.8 billion market capitalization.

Lido's Staked Ether Tokens Can Soon Be Used on Cosmos, IBC Blockchains

The P2P has put forward a funding proposal to the Lido DAO community, requesting $1.5 million to continue offering liquid staking on the network.

Lido contributor requests $1.5 million funding to grow Solana liquid staking

Community members are warning that the staking protocol is at risk of becoming too centralized, and could undermine Ethereum as a whole.

Lido Dominance Prompts Warnings About Liquid Staking Derivatives

Layer 2 network Mantle has staked 40,000 ether (ETH) on staking protocol Lido after it passed a governance vote on treasury management earlier this month.

Mantle Stakes $66M of Ether on Lido as Part of Treasury Management Strategy

Avalanche

The circulating supply of various projects' tokens is expected to be impacted by a number of significant token unlocks this week.

Millions Worth of LDO, AVAX, YGG Tokens Scheduled To Unlock This Week

Research by The Tie show coins tend to drop in the days leading up to the unlock.

Scheduled Unlocks For LDO, AVAX, YGG Tokens Promise Busy Week Ahead

One decentralized finance (DeFi) altcoin is setting the stage for significant growth, according to venture capitalist Arthur Cheong. Cheong, the founder of DeFiance Capital, tells his 149,600 X followers that crypto staking solution Lido (LDO) is undervalued at the moment and has great growth potential.

Here's One Altcoin From the Ethereum Ecosystem Ready for Huge Growth, According to DeFi Veteran Arthur Cheong

The largest staking service provider also crossed $15 billion in total value locked, a level not seen since May 2022.

Lido Attracted 10K Ether Stakers to Protocol in July

Oxorio has completed a thorough and independent audit of Lido, a decentralized staking and liquid staking solution. The audit report, accessible for public review, highlights all the issues detected by Oxorio to ensure the integrity and security of Lido's smart contracts and underlying infrastructure of its V2 upgrade.

News for Lido DAO Crypto (LDO)