Solana

Lido DAO

<ul><li>Lido on Solana is transitioning following a strategic decision made after a DAO vote.</li><li>stSOL holders will continue receiving rewards, with unstaking available until February 4, 2024, through CLI.</li><li>Node operators can voluntarily off-board starting November 17, guided by P2P Validator and Lido NOM.</li></ul>In a significant turn of events, Lido on Solana, a pivotal player in the Solana ecosystem, is set to <a href="https://blog.lido.fi/sunset-lido-on-solana/" rel="noopener noreferrer nofollow">begin</a> its sunsetting journey. The decision, rooted in extensive discussions and community votes within the Lido DAO, was initiated after a detailed proposal by the P2P Validator, the dedicated development team behind Lido on Solana. The DAO was presented with two options: to continue with financial backing or to gracefully sunset the project. Following thoughtful deliberation, the latter was chosen as the best course of action, albeit a challenging one.This transition does not mean any less of the achievements and relationships fostered within the Solana community. The sunsetting process, set to commence on October 16, 2023, marks the end of an era. Yet, Lido on Solana contributors express heartfelt gratitude to the stakers, builders, and ecosystem partners who made this journey momentous.For users invested in stSOL, there&#39;s a silver lining amidst this change. Throughout the sunsetting process, stSOL holders will continue to receive their staking rewards. However, there are important dates to remember: until February 4, 2024, users can unstake via the Lido on Solana front. After this date, unstaking can only be done using the Command Line Interface (CLI).Read full article at<a href="https://cryptotale.org/lido-on-solana-bids-farewell-transition-and-gratitude-amidst-sunsetting/" rel="noopener noreferrer nofollow"> CryptoTale.</a>

Lido on Solana Bids Farewell, Transition and Gratitude Amidst Sunsetting

CryptoTale

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