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Lido on Solana decides to cease operations amid financial strain

Is Lido DAO’s staking dominance a silent threat to Ethereum’s decentralization?

Lido on Solana, a prominent liquid staking protocol, is set to conclude its operations. The team announced the decision following a comprehensive DAO consultation and subsequent community vote on October 16, 2023. Financial hurdles primarily influenced this outcome, as the P2P team faced sustainability issues. Overwhelming support emerged for the closure during the voting process. […]

Is Lido DAO’s staking dominance a silent threat to Ethereum’s decentralization?

Is Lido DAO’s staking dominance a silent threat to Ethereum’s decentralization?

Coinbase crypto exchange has carved a notable niche for itself, becoming the second-largest entity when it comes to Ethereum (ETH) staking. Data from Dune analytics meticulously examined by Dragonfly’s data scientist, hildobby, revealed that Coinbase presently holds a significant cache of 3.873 million staked ETH, translating to 14.1% of the total staked ETH. This development unfolds […]

Lido Finance reassures investors amid security flaw concerns in LDO token contract

Lido Finance Reassures Investors Amid Security Flaw Concerns in LDO Token Contract

Ethereum staking protocol Lido Finance has publicly acknowledged a known security flaw in its LDO token contract. The announcement came in response to a September 10 post by blockchain security firm SlowMist, which highlighted the vulnerability that could potentially enable “fake deposit” attacks on cryptocurrency exchanges, Cryptopolitan reported.  Despite the concerns, Lido Finance reassured investors […]

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