How Lido Finance staking is maintaining ‘cold feet' operandi

Onboarding several chains into its staking solution may be one of the best steps Lido Finance LDO could have taken. The multi-chain staking liquidity platform hosts a number of chains including Ethereum ETH, Solana SOL, and Terra Classic LUNC.

Timeline of Lido-dao

Lido Finance [LDO], the largest platform for liquid staking services on Ethereum [ETH] continues to impress investors. In the past week, the native token (LDO) rallied more than 18% on CoinMarketCap.

Singapore — August 17th – Lido Finance, a giant in the Ethereum staking world, will be enhancing liquidity on Polygon with KyberSwap Elastic. Lido Finance is the largest platform for liquid staking services on Ethereum.

Crypto liquidity staking platform Lido on Tuesday announced the first steps and technical details about stETH expansion across the Layer-2 DeFi ecosystem. In the initial launch phase, Ethereum (ETH) staking derivatives are bridged to Layer-2 solutions Arbitrum and Optimism.

With the Ethereum Merge just a few weeks away, happenings around the number one protocol facilitating the staking of ETH – Lido Finance – have become more interesting. Data from Santiment revealed that over the last few months, Lido's native token, LDO, exhibited divergences in some of its on-chain metrics.

Ethereum‘s much-anticipated Merge could help ETH reach new places on the price chart. But not just alone, ETH has another passenger- Lido DAO, which could be a star performer in the near future.

The Lido Finance plan to sell 10 million LDO tokens to Dragonfly Capital was originally rejected last month. The post Lido DAO approves treasury token sale to Dragonfly Capital after terms tweaked appeared first on The Block.

THORChain [RUNE], Lido Finance [LDO], and Synthetix [SNX] were the top performers on 3 August as the DeFi ecosystem steered the crypto market back to greens.  While others also recovered, the revival of these DeFi tokens was superior.

The three leading altcoins, Ethereum Classic (ETC), Filecoin (FIL), and Lido DAO (LIDO), have outperformed Bitcoin and other well-known cryptocurrencies to lead the altcoin market.

Lido Finance has gone unnoticed recently, with Ethereum and its Merge keeping everyone at bay. Lido is making huge strides in the DeFi market with its liquid staking protocols now more attractive than ever.

Lido DAO Token [LDO] is back to doing what it has done for its investors—make their profits. The altcoin, also the native token of crypto staking provider, has been on top of performance in the last 24 hours.