Lido and Pyth Network Collaborate on Real-time stETH Price Feeds
In a move that promises to revolutionize the DeFi space, Lido and Pyth Network have announced a groundbreaking collaboration. According to sources, this alliance will bring real-time, permissionless stETH price feeds to over 20 blockchains. The partnership aims to enhance accessibility and liquidity for stETH-backed products, thereby igniting innovation in the DeFi sector and attracting users who are seeking exposure to stETH. The news of this collaboration was first reported on Lido's official Twitter account.
Lido's Total Value Locked Grows by 3.84%
In addition to the exciting partnership news, Lido also shared an update on its performance metrics for the week of June 26 - July 3, 2023. Lido's Total Value Locked (TVL) witnessed a significant growth of 3.84%, closing the week at a staggering $14.75 billion. Furthermore, Lido led in net new deposits to the Ethereum Beacon Chain with a total 7-day value of 132.8k ETH. Their Aave V3 wstETH pool also saw rapid growth, increasing by 9.65% and hitting 347.3k wstETH. These figures were shared via Lido's Twitter account.
Lido's Weekly Governance Recap
In other news, Lido also shared a weekly governance recap that highlighted the most important proposals in each step of their governance process. The recap provided insights into various proposals from the Research Forum to Snapshot and Aragon. This regular update is part of Lido's commitment to transparency and stakeholder engagement in their governance process. More details about these proposals can be found on Lido’s official Twitter account.