Lido Finance [LDO]: Before you get misled by the price rally, read this

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LidoFinance [LDO]: Before you get misled by the price rally, read this

from the protocol that sought an increment of the 10% APR limit for Oracle report to 17.5%, Lido stated that the increment in APR limit on 9 November had to happen because “the Oracle limit was set before the Merge and hadn’t accounted for potential Execution Layer rewards spikes.”“The 10% yearly threshold had been chosen before the Merge and hadn’t accounted for potential spikes in daily rewards accrued by the protocol.

This sort of disparity in LDO’s price and trading volume in the last 24 hours indicated that there was low conviction in the upward movement of the alt. Therefore, a price reversal or consolidation would follow this until investors’ conviction increases. At the time of writing, the 20 EMA was below the 50 EMA line. Thus, holders were more interested in distributing their assets.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

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귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

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