Lido DAO

Lido claims to have experienced "remarkable adoption of the protocol" with more than 10,000 new stakers using it in July.

Lido reports increased TVL and ‘remarkable' protocol adoption in July

LDO holders currently hold the keys to the bank, which could put the Lido Finance's staking community at a disadvantage.

Lido Finance DAO Mulls Introducing New Dual Governance Model

Bitcoin

Chainlink

Uniswap

In the second quarter of 2023, Bitcoin (CRYPTO: BTC) demonstrated a strong performance, gaining market dominance over altcoins, according to a report. Despite the crypto market experiencing a downturn, Bitcoin and Ethereum (CRYPTO: ETH) continued to build on their gains from the first quarter.

Bitcoin's Q2 Supremacy: Altcoins Like Uniswap, Chainlink, Lido Shiver As BTC Holds The Reins

Bitcoin (CRYPTO: BTC) traded lower, but the cryptocurrency prices remained above the $30,000 level on Monday. Ethereum (CRYPTO: ETH) also moved lower, falling below the key $2,000 mark this morning.

Bitcoin Falls But Remains Above This Key Level; Compound, Lido DAO Among Top Losers

On July 7, 2023, the digital asset manager Grayscale Investments published an update on three of its funds — the Digital Large Cap Fund, the Defi Fund, and the Smart Contract Fund.

Grayscale Adds Lido's LDO Token to Defi Fund, Token Becomes Second-Heaviest in Fund's Basket

LDO's weight in the Grayscale DeFi Fund sits at 19.04%, second only to Uniswap's UNI at 45.46%.

Grayscale makes Lido the second-heaviest component in its DeFi Fund

Lido (LDO) has achieved “overwhelming dominance” in the Ethereum (ETH) liquid staking sector, according to the crypto analytics firm Glassnode. In a new analysis, Glassnode notes that Lido clocks the highest supply, liquidity, and integration network effects of any liquid staking provider.

Lido (LDO) Establishes ‘Overwhelming Dominance' in Ethereum Liquid Staking Ecosystem: Glassnode

Ethereum

Justin Sun, the founder of the Tron network, withdrew $29.7 million worth of Ethereum (ETH) from Lido Finance's liquid staking platform.

Justin Sun, Founder of Tron, Unstakes $30M ETH From Lido

The proposal incorporates a revenue-sharing agreement between BitDAO and Lido DAO, creating more collaboration between them.

Proposal urges Mantle to allocate $72 million to Lido Finance

Crypto wallets linked to Sun still hold some $543 million in Lido's stETH token, according to Arkham Intelligence data.

Tron Founder Justin Sun Unstakes $30M of Ether from Lido, Sends Tokens to Huobi

On June 18, 2023, the total value locked (TVL) in decentralized finance (defi) protocols has been rangebound and hovering at just above the $42 billion range. Presently, Lido Finance dominates the value locked in defi with $12.69 billion or 29.76% of the aggregate.

Defi TVL Holds Steady Above $42 Billion as Lido Finance Dominates With $12.69 Billion Locked

21Shares has introduced an exchange-traded product (ETP), providing investors with exposure to Lido DAO's liquid staking ecosystem.

21Shares expands crypto ETP offerings with Lido DAO exposure

While the product offers investors single-asset exposure to the liquid staking leader, the Switzerland-based firm classified this product as class 7 risk, the highest level.

21Shares Introduces Exchange-Traded Product for Liquid Staking Platform Lido DAO

According to statistics, the liquid staking platform Lido accounted for 7.45% of the total value locked in decentralized finance (DeFi) a year ago today. Since then, Lido's market dominance has significantly increased over the last 12 months to its current 26.18% share.

Liquid Staking Protocol Lido's Defi Dominance Swells From 7% to 26% in 12 Months

Sushi Swap

Two decentralized finance projects are butting heads over a governance proposal that could see the recovery of 40 ETH stolen in Sushiswap's April hack.

Tensions Rise Between SushiSwap, Lido Over Return of Exploited Funds

Cosmos

Don't miss our weekly roundup of the latest DeFi news, launches, airdrops, upgrades, hacks and alpha.

Week in DeFi: Lido V2 Launches, GMX Synths in Testnet and Cosmos Mesh Security

Litecoin

The crypto trader who masterfully rode the 2023 rally in the digital asset markets says he has his eye on two interesting large-cap altcoins.

Trader Who Caught 2023 Crypto Rally Names Two ‘Interesting' Altcoins, Updates Forecast on Ethereum (ETH)

Liquid staking protocol Lido Finance is looking to add a bit more utility to what is just a simple voting token. Here's how LDO could change.

DeFi Heavyweight Lido Finance Mulls LDO Staking, Token Buyback

Pepe

A popular crypto strategist is predicting a bounce for one memecoin that posted big gains in a single month as he updates his outlook on Bitcoin (BTC) and two altcoins.

Trader Says Memecoin That's Up 2,600% in a Month To ‘Move Higher', Updates Outlook on Bitcoin and Two Altcoins

The proposal includes a revenue-sharing parameter that would redirect 20-50% of “future Lido DAO revenue from the protocol treasury to stakers of $LDO.”

Lido Community Members Propose LDO Token Staking and Buyback Plan

Bankrupt crypto lending platform Celsius transferred 428,000 staked ether (stETH) worth $780 million on Monday, according to Etherscan data. The transfer corresponds with the introduction of a withdrawal feature by Lido Finance, the stETH provider, for the first time.

Bankrupt Lender Celsius Moves $780,000,000 Worth of Crypto After Lido Finance Allows Withdrawals

Celsius, an insolvent cryptocurrency lending platform, has transferred over 400,000 staked ether (stETH), worth over $700 million.

Celsius moves $780 million in stETH as Lido Finance enables withdrawals

Lido users can now unstake their stETH and receive ETh at a 1:1 ratio.

Liquid Staking Leader Lido Upgrades to Second Version on Ethereum

Lido Finance has upgraded to version 2, enabling users to withdraw ether from the platform.

Lido Finance passes vote to activate withdrawals on Ethereum with v2 upgrade

The top two liquid staking derivative tokens defied last week's bearish trend as Ethereum deposits regained April highs.

News for Lido DAO Crypto (LDO)