Liquid Staking Platform Lido Surpasses 6M Ether Deposits as Shanghai Upgrade Spurs Inflows
Ethereum’s Shanghai upgrade spurred deposit inflows to liquid staking protocols, including to the largest player Lido.
24H
The Lido DAO price is $2.00, a change of 1.13% over the past 24 hours as of 7:47 a.m. The recent price action in Lido DAO left the tokens market capitalization at $1,762,614,119.86. So far this year, Lido DAO has a change of 109.80%. Lido DAO is classified as a DeFi under CoinDesks Digital Asset Classification Standard (DACS).
Ethereum’s Shanghai upgrade spurred deposit inflows to liquid staking protocols, including to the largest player Lido.
The proposal comes as MixBytes, Lido’s partner developer firm for Polkadot and Kusama liquid staking, announced it would stop supporting the networks.
Crypto podcaster David Hoffman spread (and then retracted) a rumor that the SEC had delivered a Wells Notice to the decentralized staking service. A spokesperson for Lido declined to comment.
The largest Ethereum staking service provider’s DAO has issued a vote over what it should do with its $30 million worth of ether.
CoinDesk’s Bitcoin and Cryptocurrency Calculator determines the exchange rates between major fiat currencies and cryptocurrencies – including BTC, BCH, ETH and XRP to USD, EUR, GBP, IDR and NGN – with up to six decimal places of accuracy. Conversion rates are based on CoinDesk’s Bitcoin Price Index and the price indices of other digital assets. World currency prices are based on rates obtained via Open Exchange Rates.
Diving in deeper on cryptocurrency.