According to Dune Analytics, LDO’s mission to keep staking simple seems to be an on-and-off activity.pool, it was observed that the CurveETH/stETH part remained the most active despite some drawdowns involved., there has been a 2.14% increase in CurveETH/stETH reserves over the last seven days. Additionally, the total ETH stake was 13.39 million—a 0.33% increase from the previous one week.Additionally, the Lido incentives for August have been positive as it reached 2.5 million LDO worth $6.
This all happened with the Curve ETH/stETH pair meaning the pair gained most of the LDO incentives. At press time, the incentives efficiency was 7.32% with 581,738 stETH allocated.On the other hand, stETH/ETH exchange rate declined to 0.9693. The pair recorded outflows from the LDO liquidity pool. Despite that Curve ETH/stETH trading volume spiked which later translated to an uptick in the Total Value Locked rankings for LDO.