Lido Finance and the saga of the Liquid Staking Derivative sector

  • 📰 CryptoAmb
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 68%

Business News News

Business Business Latest News,Business Business Headlines

LidoFinance 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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 22. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

First Quantum's net earnings down in 'difficult' first quarterA roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Managem closes Boto acquisition for $227 millionA roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »