With continued growth in the number of options available to market players to stake their Ether, Lido’s position as a leader remains continually threatened. According to Dune Analytics, after Lido’s share of total ETH staked touched 30%, it held on to the figure between September and early December.
The increased preference to stake ETH on exchanges was also a contributory factor to the gradual decline in Lido’s hold on the market.Furthermore, the Annual percentage rate earned for staking via Lido clinched its lowest point since November at press time. At the time of writing, Lido offered an APR of 4.30%.
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