The Lido protocol's substantial revenue generation has led to a significant increase in the strength of its treasury.
The Liquid Staking Derivative sector dominated the DeFi market as LDO’s TVL increased.
- At press time, the total balance of Lido’s treasury stood at $301.4 million.
The Liquid Staking Derivative (LSD) sector of late has exhibited superior performance compared to all other areas within the DeFi space.
According to DefiLlama’s data, the TVL of the LSD sector has surpassed that of all other categories in the DeFi field.
Notably, protocols including Lido, Rocket Pool, and Frax have demonstrated significant growth and have effectively generated interest in the LSD sector.
Source : [Lido Finance and the saga of the Liquid Staking Derivative sector](ambcrypto.com/lido-finance-and-the-saga-of-the-liquid-staking-derivative-sector/) by Himalay Patel - AMBCrypto by Himalay P