Lido DAO

<ul><li>Lido Finance&#39;s TVL surged by 10% in one week, driven by ETH, MATIC, and SOL price increases.</li><li>Despite past successes, Lido saw a 48% decline in new deposits to the Ethereum Beacon Chain.</li><li>Lido&#39;s LDO token is priced at $1.58, with a slight 0.21% dip over the last day.</li></ul>Lido Finance, Ethereum&#39;s premier liquid staking platform, has witnessed a striking 10% surge in its Total Value Locked (TVL) in just one week. Significantly, this uptick is attributed to the soaring prices of ETH, MATIC, and SOL. Between September 25 and October 2, these<a href="https://x.com/LidoFinance/status/1708942260316860887?s&#61;20" rel="noopener noreferrer nofollow"> assets appreciated</a> by 10%, 11%, and a remarkable 23%, respectively.However, Lido experienced a 48% decline in the net new deposits to the Ethereum Beacon Chain, despite previous surges. <a href="https://dune.com/lido/lido-dashboards-catalogue" rel="noopener noreferrer nofollow">Dune Analytics data </a>pointed out that the Ethereum Beacon Chain saw new deposits through Lido amounting to 40,768 ETH, a significant drop from the previous week&#39;s 78,656 ETH. Moreover, during the same timeframe, Figment outperformed with an impressive 88,000 ETH deposits.Besides this, Lido&#39;s staked Ether (stETH) Annual Percentage Rate (APR) based on a seven-day moving average showed a slight downturn. The stETH APR stands at 3.61%, marking a 50% fall since its high of 7.17% on 12 May. Additionally, there was a 1% increase in the wrapped staked Ether (wstETH) deposited for trading in decentralized finance pools. Consequently, this led to a 0.25% rise in the overall share of wstETH funneled into DeFi platforms.Read full article at <a href="https://cryptotale.org/lido-finance-tvl-soars-with-eth-matic-and-sol-price-hikes/" rel="noopener noreferrer nofollow">CryptoTale.</a>

Lido Finance TVL Soars with ETH, MATIC, and SOL Price Hikes

CryptoTale

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