According to recent analytics released by Lido Finance for the week of April 1 to April 8, 2024, the Total Value Locked (TVL) within the platform has seen a decline of 6.86%, settling at $33.03 billion. This downturn is paired with a significant amount of Ethereum being moved away from the staking service, amounting to 159,904 net ETH unstaked. The source of this data is available on Lido Finance's official Twitter account.
In addition to the changes in TVL and unstaking figures, there has been a slight increase in the seven-day annual percentage rate (APR) for staked ETH (stETH), which rose to 3.29%. However, this uptick contrasts with the drop in wrapped staked ETH (wstETH) on Layer 2 solutions, which saw a decrease of -1.18%, resulting in a total of 154,268 wstETH.
The trading volume for (w)stETH over the last week also reported substantial activity, with transactions reaching approximately $1.49 billion. Despite the decrease in TVL and unstaking, these figures suggest that stETH remains a frequently traded asset within the cryptocurrency ecosystem.
Aside from these metrics, Lido Finance has also reminded its community of an upcoming event. The first Lido DAO Community Call is scheduled to take place tomorrow at 4PM UTC. This call represents an opportunity for stakeholders and interested parties to engage with the organization's decision-making process and discuss its future direction. The announcement specifies various time zones for global participants, including 6PM CEST for Europe, 11AM EDT for the United States, 12AM HKT for Hong Kong, and 8PM GST for the United Arab Emirates.
The community call announcement was also disseminated through Lido Finance's Twitter channel, reinforcing its commitment to maintaining open lines of communication with its user base and stakeholders. Interested individuals are encouraged to save the date and participate in what is expected to be an informative and collaborative session.