Lido DAO

<ul><li>A decrease in SOL deposits influences a 1.1% dip in Lido&#39;s TVL.</li><li>DeFi pools possess 36.21% of stETH supply, down by 0.6pp weekly.</li><li>AAVE V3 wstETH pool showcases a remarkable 5.6% weekly growth.</li></ul>Over the past week, there has been a <a href="https://dune.com/lido/lido-dashboards-catalogue" rel="noopener noreferrer nofollow">notable</a> shift in Lido&#39;s financial position. The platform&#39;s Total Value Locked (TVL), a key metric indicating the total assets staked or deposited in a DeFi protocol, has seen a slight contraction. This 1.1% decline was influenced primarily by decreased SOL staking deposits and an overall slump in token prices. By the week&#39;s end, Lido reported a TVL of $14.77 billion, highlighting its dominant stance in the DeFi space.Lido DAO, a prominent player in the decentralized finance (DeFi) realm, shared a twitter post providing the latest insights into its performance.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/446d7bda295c4f4281a02b75d03e2ada.png" />Delving into the specifics, one of the salient highlights from the past seven days is the considerable volume of ETH directed towards the Ethereum Beacon Chain through Lido. The protocol witnessed an influx of 60.2k ETH in just a week, solidifying Lido&#39;s preeminent position as the preferred choice for new deposits on the Beacon Chain.The 7-day moving average for stETH APR, an annual percentage rate for staking ETH, showcased an upward trend. This metric, indicative of the potential earnings for stakers, rose to an appreciable 4.16%. This increment could be attributed to a moderate surge in EL rewards which are distributed among stakers.Diving deeper into stETH&#39;s interaction within the DeFi sector, the week brought with it an interesting revelation. The aggregate of (w)stETH held in DeFi pools amounted to an impressive 2.89 million, which represents 36.21% of the total stETH supply. This figure, while substantial, marks a 0.6 percentage point reduction in share from the previous week.Read full article at <a href="https://cryptotale.org/lidos-total-value-locked-sees-slight-dip-amid-changing-defi-landscape/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Lido's Total Value Locked Sees Slight Dip Amid Changing DeFi Landscape

CryptoTale

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