Lido announced the pilot integration of its validator set with Obol Network’s distributed validator technology Leading liquid staking platform Lido Finance, on 23 December,
a successful pilot integration with Obol Network, a distributed validator technology provider, on the Goerli testnet.According to Lido, the integration was aimed at demonstrating the benefits of running a Lido validator with Obol Network’s technology. This was a part of Lido’s goal of enabling permissionless participation in its validator set. During the pilot, which took place over the past month, 11 Lido node operators participated.
LDO has since seen a decline in buying momentum. In the last five days, LDO’s on-balance volume dropped by 2%. A downward progression of an asset’s On-Balance Volume was an indication of a sell-off of the asset by investors. For a retracement to occur, investors’ conviction has to change, and accumulation has to rally significantly.Further, this position was confirmed by the status of LDO’s Relative Strength Index . As of this writing, the indicator rested below the center line at 38.27.
Interestingly, while LDO’s price has dropped consistently in the past few months and has been trailed by negative weighted sentiment, many of its holders still log profits on their investments., LDO’s Market Value to Realized Value ratio has been positive since July. This means that if any holder has chosen to sell at any point between July and press time, they would have made double the profit on their investment.Subscribe to get it daily in your inbox.
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