3 Reasons Why Lido DAO Token Might Be About To Break Its Downtrend By Cointelegraph

©Reuters. 3 Reasons Why Lido DAO Token Might Be About To Break Out Of Its Downtrend

(ETH) and decentralized finance (DeFi) are undergoing a seismic shift, as the transition to Eth2 and a proof-of-stakes consensus mechanism is helping to increase the value proposition for the network, which has historically been plagued with problems. scaling and high transaction costs.

Alongside this transition has been the introduction of liquid staking, which is helping to add utility to DeFi and giving investors the option to do more with their assets than simply lock them up indefinitely. Liquid staking could also help investors build more capital efficient portfolios.

One protocol that has benefited from the shift to liquid staking is Lido (LDO), a platform that allows investors to earn staking rewards on their tokens while allowing them to put the resulting LP tokens to work on a variety of trading protocols. decentralized finance (DeFi).

Read the full article on Cointelegraph

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