USA’s largest cryptocurrency stock market Brian Armstrong, CEO of Coinbase‘Fame SECHe shared a thread in a tweet where he explained his concerns about staking for retail customers and that they may ban staking.
This post by Coinbase CEO Ethereum (ETH) with staking service Lido DAO (LDO) made it rise.
Gaining more than 10% up after Armstrong’s post LDOalthough it lost some of these gains at the time of writing, it has experienced a 6.50% increase in the last 24 hours.
The Lido protocol allows Ethereum to be staked and as a result, users can ETHrepresenting their shareholding positions in stETH A token is issued.
In addition, it is planned to take place next March. Shanghai It is also worth remembering that after the upgrade, the ETH staked will become available.
Also, according to data provided by DefiLlama, the total value locked in Lido has increased by 33% over the past month. Lido currently has $8.56 billion in TVL.
On-chain data also shows that Lido currently has a 25% market share of the staking pool market.
*Not investment advice.
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