Latest news on the DeFi protocol Lido and its native cryptocurrency LDO.
Lido DAO Developers Propose Selling 10,000 ETH From Treasury
One of the key developers of the DeFi protocol Lido Finance has submitted to the community for consideration a proposal to sell 10,000 ETH (~$17.7 million) from the project's treasury in anticipation of a continued market downturn.
Goldman Sachs points to risks from rising interconnectedness of DeFi protocols
The collapse of TerraUSD (UST) triggered an 'infection' of the stETH token issued by Lido Finance, heightening systemic risks. Goldman Sachs analysts reached this conclusion, CoinDesk reports.
Lido Finance earmarks $6 million for Ethereum ecosystem development
Participants in the Lido Finance staking service approved allocating 2 million LDO (~$6 million) to support Ethereum under the Protocol Guild. The structure supports autonomous hiring, retention and reward mechanisms for developers.
Lido Finance to expand validator set to bolster Beacon Chain decentralisation
Lido Finance will implement distributed validator technology.
Andreessen Horowitz Invests $70 Million in Lido Finance
Venture firm Andreessen Horowitz (a16z) invested $70 million in the staking service Lido Finance.
Lido integrates Chainlink price data for stETH
The staking service Lido has added support for the Chainlink Price Feed price channel for the stETH token to facilitate the asset's use in other DeFi protocols, according to project representatives.
Paradigm transfers 15,120 ETH to Lido DAO under token buyback agreement
Venture firm Paradigm sent 15,120 ETH to the Lido DAO treasury as part of a proposal to buy back 10% of the DeFi project's token issuance, said the firm's investment partner Arjun Balaji.
Paradigm hedge fund and partners to buy 10% of Lido tokens
The developers of the DeFi project Lido DAO put forward to the community for consideration a proposal to sell 100 million LDO (10% of issuance) for 21,600 ETH to hedge fund Paradigm and its strategic partners. At the time of writing, the potential investment size exceeds $43 million.
Unslashed Finance insures Lido Finance staking clients on Ethereum 2.0
Lido Finance has partnered with the DeFi protocol Unslashed Finance. The collaboration provides $200 million of slashing insurance for staking service’s clients against penalties for incorrect validation of blocks in the Ethereum 2.0 network.We use cookies to improve the quality of our service.
By using this website, you agree to the Privacy policy.