Lido Finance in July: Pain, pleasure, and the task ahead

“Despite the Curve Finance exploit this past week not affecting the stETH-ETH pool, many liquidity providers chose to prudently withdraw their stETH holdings until the matter is resolved.”

Lido also highlighted that Ethereum’s remained very involved in the contribution to the protocol. As a result, Lido was able to secure partnerships that propelled the listing of stETH on exchanges and lending platforms. In explaining this, the Lido Finance report mentioned that there were several node operator calls from both ends. Node operators are individuals or entities that certify transactions on the blockchain. These operators do this by writing new blocks and broadcasting them to the network. And in August, Lido noted that there will be more:

“The Ethereum Node Operators Wave 5 update revealed that successful Stage 1 applicants will undergo onboarding in mid-August, while the LNOSG is diligently working towards finalizing a shortlist of 7-9 Node Operators for Stage 2 by the last week of August.”

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.

Daimler Truck finance chief dies in 'tragic incident,' company saysThe chief financial officer of Daimler Truck has died in a 'tragic incident,' the company said Sunday.
Source: CTVNews - 🏆 1. / 99 Read more »

How MakerDAO showed resilience in the wake of Curve Finance attackWhile other DeFi protocols grapple with TVL losses in the aftermath of Curve's hack, MakerDAO sees some action.
Source: CryptoAmb - 🏆 22. / 68 Read more »

Making the most of your money: FP's top personal finance videosFrom saving money while you travel to planning your legacy, FP Video has the answers to your personal finance questions. Watch them all
Source: calgaryherald - 🏆 64. / 52 Read more »

Daimler Truck finance chief Jochen Goetz, credited with its spinoff from Mercedes-Benz maker, diesJochen Goetz, the chief financial officer of Daimler Truck and credited with its successful spinoff from the automotive giant that makes the Mercedes-Benz, has died, the company said Sunday. He was 52.
Source: CTVCalgary - 🏆 26. / 68 Read more »

Curve Finance offers 1.85 mln bounty to recover stolen crypto fundsDeFi protocol Curve Finance has opened a bounty of $1.85 million to public to identify the exploiter behind the $73 million attack.
Source: CryptoAmb - 🏆 22. / 68 Read more »