Lido Finance Weighs Sunsetting Liquid Staking on Polkadot, Kusama
The proposal comes as MixBytes, Lido’s partner developer firm for Polkadot and Kusama liquid staking, announced it would stop supporting the networks.
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The Lido DAO price is $2.68, a change of 11.73% over the past 24 hours as of 8:41 a.m. The recent price action in Lido DAO left the tokens market capitalization at $2,684,851,976.56. So far this year, Lido DAO has a change of 180.95%. Lido DAO is classified as a DeFi under CoinDesks Digital Asset Classification Standard (DACS).
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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.
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