Lido Finance and the saga of the Liquid Staking Derivative sector

At press time, the total balance of Lido’s treasury stood at $301.4 million.

The Liquid Staking Derivative sector of late has exhibited superior performance compared to all other areas within the DeFi space.the TVL of the LSD sector has surpassed that of all other categories in the DeFi field., Rocket Pool, and Frax have demonstrated significant growth and have effectively generated interest in the LSD sector.Well, Lido has contributed the most to the growth of the LSD sector. In terms of Ethereum staking, Lido captured 30.

According to data by Dune Analytics, as of press time, the total balance of Lido’s treasury stood at $301.4 million, with 79.7% of it being composed of LDO, followed by ETH at 11.1%. The remaining assets in the Lido treasury comprise of DAI and stETH, which constitute 3.6% and 5.2%, respectively.

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