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news-imageDecember 17, 2024

Lido to discontinue services on Polyon in coming months after low adoption

Lido staking requests on Polygon are no longer available but users can still withdraw their staked MATIC through the Lido interface on Polygon up until June 16, 2025.
Publisher: Cointelegraph
Sentiment: Negative
LDO

More News Articles

Negative
cover-imageCrypto Economy
December 17, 2024

Lido Discontinues Polygon Staking Service After Community Approval

TL;DR Lido has announced discontinuing its staking service for the Polygon PoS chain, following a community vote where 99% of LDO token holders favored the proposal. The decision is due to challenges such as low user engagement, inadequate rewards, and the evolving DeFi landscape, particularly the increased focus on zkEVM solutions.

Positive
cover-imageThe Currency Analytics
December 14, 2024

Lido Dao Price Eyes $3 with Bullish Breakout

Lido DAO (LDO), the governance token for the Lido protocol, has been demonstrating strong bullish signals in recent trading sessions. The token has gained around 9% in the past 24 hours, which has led many market observers to speculate on the possibility of a breakout rally that could push the price toward the $3 mark.

Positive
cover-imageCrypto Economy
December 12, 2024

Grayscale Bets Big on Optimism and Lido DAO with New Trust Launches

TL;DR Grayscale Investments launches two new investment vehicles: Lido DAO Trust and Optimism Trust, offering exposure to both protocols. Lido DAO Trust provides access to the LDO token, which facilitates liquid staking on ETH. Meanwhile, Optimism Trust offers exposure to the OP token, aimed at improving ETH scalability.

Positive
cover-imageCoingape
December 12, 2024

Just-In: Grayscale Launches Optimism and Lido DAO Trusts

Digital assets manager Grayscale Investments has reportedly added Optimism (OP) and Lido DAO (LDO) to its growing list of Trust products. Considering the different market niches the duo of Optimism and Lido DAO represents, Grayscale aims to expand its reach in both the Ethereum L2 and staking niches.

Positive
cover-imageThe Currency Analytics
November 26, 2024

Lido DAO's Breakout: Is $4 Within Reach for LDO

Lido DAO (LDO) has recently grabbed attention in the cryptocurrency market as its price surged, breaking out from a descending channel that had suppressed its value for months. This breakout has fueled speculation about whether the token can sustain its upward trajectory and reach the next significant milestone at $4.

Negative
cover-imageThe Currency Analytics
November 21, 2024

California Court Rules Lido DAO Members Liable Under Partnership Laws

A federal court in California has ruled that members of Lido DAO, the decentralized autonomous organization (DAO) behind the popular Lido staking protocol, are legally liable under the state's partnership laws. This ruling marks a significant step in the ongoing efforts to clarify the legal status of decentralized organizations within the United States and could have broad implications for the crypto space.

Negative
cover-imageThe Currency Analytics
November 20, 2024

US District Court Dismisses Lido DAO's Claim of Not Being a Legal Entity

A significant legal development occurred for Lido DAO as the U.S. District Court for the Northern District of California ruled against the decentralized autonomous organization (DAO) in a high-stakes lawsuit. Lido DAO had argued that it was not a legal entity and, therefore, could not be held accountable in court.

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