Lido DAO votes to sunset on Solana
According to external sources, after comprehensive discussions within the Decentralized Autonomous Organization (DAO), the decision to sunset Lido on Solana has been approved by Lido DAO (LDO) holders. The process is set to commence shortly. The key dates to note include October 16, 2023, when staking will be discontinued and no new stake will be accepted. Subsequently, on November 17, 2023, voluntary node operator off-boarding will begin. Finally, support for Lido on Solana frontend will conclude on February 4, 2024. Further details can be found on the official Lido Finance Twitter page.
Hasu’s proposed goals for Lido
There's an invitation for interested parties to join a discussion scheduled for 12pm UTC today. The discussion will be centered around Hasu’s recent submission to the Lido DAO and his proposed goals for Lido within the next one to three years. Hasu's submission can be reviewed via a link provided on the Lido Finance Twitter page. The details of his proposed goals are yet to be disclosed.
Lido's Weekly Analytics Report
The latest analytics report from October 9 - 16, 2023, reveals some interesting facts about Lido. The Total Value Locked (TVL) fell by 4.96% to $13.86 billion within the week. Despite this drop, Lido ranked third in net new ETH staked with 48.5k ETH. The Annual Percentage Rate (APR) also fell slightly to a 7d Moving Average (MA) of 3.32%. Additionally, wrapped stETH (wstETH) on Layer 2 (L2) increased by 0.24% to 139.7k wstETH. The total stETH in Decentralized Finance (DeFi) now stands at 3,162,806 stETH. More details can be found on the Lido Finance Twitter page.