Lido Finance and the saga of the Liquid Staking Derivative sector

MARKET_WATCH DeFi

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

rayn.finance logo

Automata FRANCE SAS

240 rue Evariste Galois,

06410 Biot,

Sophia Antipolis

Automata Pay

65-66 Warwick House 4th

Floor, Queen Street, London

England, EC4R 1EB

Automata Pay Europe Ltd

3rd Floor Ormond Building,

31-36 Ormond Quay Upper,

Dublin 7, D07 Ee37

Automata ICO Ltd

Italian Branch

Via Archimede, 161,

00197 Roma

Italy

The purchase of digital assets is subject to a high market risk and price volatility. Changes in value can be significant and occur rapidly and without warning. Past performance is not a reliable indicator of future performance. The value of an investment and returns can fluctuate both up and down, and you may not recover the amount you invested. RISK WARNING

Automata ICO Limited has a branch in Italy with its registered office at Via Archimede, 161, Roma, Italy, and registered in Italy under number 96550860587 with the Organismo Agenti e Mediatori (OAM) as a Virtual Asset Service Provider (VASP).

Automata France SAS is a company registered in France with the company number 902 498 617. Automata FRANCE SAS is registered with the french Financial Market Authority, l’Autorité des marchés financiers (“AMF”), as a provider of Virtual Asset Service Provider under number E2023-087.

Automata Pay Europe Limited is a partner of Modulr Finance B.V., a company registered in the Netherlands with company number 81852401, which is authorised and regulated by the Dutch Central Bank (DNB) as an Electronic Money Institution (Firm Reference Number: R182870) for the issuance of electronic money and payment services. Your account and related payment services are provided by Modulr Finance B.V. Your funds will be held in one or more segregated accounts and safeguarded in line with the Financial Supervision Act.