Ethereum

Lido DAO

In a recent development, Lido Finance, the liquid staking giant, has <a href="https://research.lido.fi/t/proposal-introducing-ldo-staking/4636" rel="noopener noreferrer nofollow">announced</a> its plans to revamp its tokenomics. Community members have proposed the addition of a staking feature to LDO.To stake directly to the mainnet, users must possess 32 ETH or approximately $60,000 at current market rates. In response to the high barrier to entry, liquid staking services such as Lido have surfaced, allowing users to deposit any amount of ETH and commence earning.Jasperthefriendlyghost.eth, a paid oDAO member, shared his views about Lidofinance’s 33% higher staking:<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/5305f899e1524e6f812f0ad31972a7be.png" />The development of this proposal is expected to be a top priority for many individuals in the space. With an impressive total value locked (TVL) of almost $<a href="https://defillama.com/protocol/lido" rel="noopener noreferrer nofollow">12 billion</a>, Lido has secured its position as the largest DeFi project.Read full article at <a href="https://cryptotale.org/defi-giant-lido-finance-considers-ldo-staking-threatening-eth/" rel="noopener noreferrer nofollow">CryptoTale</a>.

Defi Giant Lido Finance Considers LDO Staking, Threatening ETH

CryptoTale

Other articles published on May 20, 2023

Venom Crypto Lists on CMC 18 May 23

Blockchain 35 Under 35 List 2023: Meet the Most Promising Young Entrepreneurs

Strike moves global headquarters to El Salvador, expands bitcoin payments to 65 countries

Apple Restricts ChatGPT Use Amid Data Security Concerns

Weekly RoundUp (05/12–05/19)

Robert F. Kennedy Jr. Becomes First Presidential Candidate to Accept Bitcoin for Campaign Donations

Join our free newsletter for daily crypto updates!