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Lido (LDO) Price Inks Gains Alongside TVL Rise – What Traders Should Expect

www.newsbtc.com

Lido DAO (LDO), the driving force behind the revolutionary liquid staking protocol for Ethereum (ETH), has displayed an impressive 7.41% ascent in its Total Value Locked (TVL) over the course of the last seven days. This robust surge in TVL has positioned Lido Finance as a prominent contender in the decentralized finance (DeFi) landscape, illustrating its resilience amidst a fluctuating market.

Read in Full: www.newsbtc.com
Bitcoin LDO
$ 1.97

Timeline of Lido-dao


What you need to know as 8.5 mln Lido tokens enter the market this week - AMBCrypto

Lido is preparing to release the remaining 0.88% of its previously-locked tokens to investors on 25 August. This will bring LDO's circulating supply closer to its 1 billion total supply peak.


LDO holders could be in for a treat thanks to this latest development - AMBCrypto

Keeping in mind the security aspect, Lido Finance decided to embrace ZK Technology to ease the user experience from a safety perspective. While this may rejoice LDO investors, that wasn't all as LDO had more to offer.


LDO may give the bulls an edge; is Lido's lead on this front the reason? - AMBCrypto

Despite the slowdown in the cryptocurrency market in Q3, Lido has managed to maintain its lead on the ETH staking front. Additionally, with a slight recovery on the price front, LDO bulls may finally be ready to take over.


The new and improved Lido V2 — What's the difference? - Blockworks

Often compared to replacing an airplane engine while in flight, the overhaul of Ethereum's consensus mechanism from proof-of-work to proof-of-stake — without downtime — was no small feat.


Grayscale Adds Lido's LDO Token to Defi Fund, Token Becomes Second-Heaviest in Fund's Basket - Bitcoin

On July 7, 2023, the digital asset manager Grayscale Investments published an update on three of its funds — the Digital Large Cap Fund, the Defi Fund, and the Smart Contract Fund.


Grayscale Investments ramps up DeFi interest with Lido addition - Cryptopolitan

In a significant move, Grayscale Investments, the world's largest digital asset manager, has expanded its Decentralized Finance (DeFi) Fund with the inclusion of Lido (LDO). The addition bolsters the prominence of liquid staking services, spotlighting a potentially transformative trend in the broader crypto ecosystem.


Grayscale Adds Lido to DeFi Fund, Signaling Growing Institutional Interest in Liquid Staking - EWN

Grayscale Investments, the world's largest digital asset manager, has added Lido (LDO) to its DeFi Fund (DFX). The addition of LDO to the Grayscale DeFi Fund demonstrates growing interest in liquid staking services.


Lido (LDO) Sustains Weekly Run With 16% Gain – What Fuels It? - NewsBTC

Lido (LDO), a prominent player in the decentralized finance (DeFi) space, has emerged as a frontrunner in the rapidly expanding Liquidity Staking Derivatives (LSD) sector. Amidst the turbulence caused by the highly controversial lawsuit filed by the US Securities and Exchange Commission (SEC) in June, the decentralized finance (DeFi) sector has found itself in a state of uncertainty and caution.


Digital Assets: Synthetix Adds Lido Finance's stETH as Asset for Leverage Trading on Synthetix Perps - CrowdFundInsider

Synthetix is pleased to announce the addition of Lido Finances' stETH as the latest asset for leverage trading on Synthetix Perps. This new perpetual futures market “has been approved by SIP 2021 and had parameters set in SCCP 2015.


Defi TVL Holds Steady Above $42 Billion as Lido Finance Dominates With $12.69 Billion Locked - Bitcoin

On June 18, 2023, the total value locked (TVL) in decentralized finance (defi) protocols has been rangebound and hovering at just above the $42 billion range. Presently, Lido Finance dominates the value locked in defi with $12.69 billion or 29.76% of the aggregate.

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