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Lido TVL has seen a surge of more than 100% since the start of this year. - 2
LDO price’s technical indicators are currently favoring an upward trend. It has seen a drop of % in the LDO/ETH pair.
Lido is a Decentralized Autonomous Organization (DAO) which provides staking infrastructure for various blockchain networks. The platform’s standout feature is the ability to stake ETH and receive stETH in return, which represents the rewards. One can stake ETH, SOL and MATIC on the Lido protocol and receive an average of 4.433% annually. On the protocol, over $13.22 billion of Ethereum has …
Source: https://www.thecoinrepublic.com/2023/06/21/can-ldo-price-achieve-a-rally-comparable-to-lido-tvl/