- Node operators, third-party developers, and validators can all benefit from increased participation in lido staking.
- The LDO price has the potential to go higher before a proper release of Lido V2.
thirteen days later Lido Finance (LDO) Announced its V2 update, the biggest since its launch, the token increased its value by 33%.
Needless to say, evolution played its part in the boom. But there were some missing pieces that may have been overlooked during the boom.
How much they cost 1,10,100 ldo are worth today?
Lido Stakes says
According to the Token Unlocked dashboard, Lido’s status as the largest player in the Ethereum (ETH) liquid staking sector was not without its contributions.
@LidoFinance Liquid is still the biggest player in staking $ETH Markets, with more than 5 million shares $ETHrepresenting ~1/3 of all bets $ETH
The second highest player only has 1 million wagered $ETH
We also discuss other LSD protocols in this tweet 👇:
2/11 pic.twitter.com/bVKbCEjEMx
— Token Unlocks (@Token_Unlocks) February 20, 2023
The evaluation of the entire betting system showed that LDO was far above Rocket Pool (RPL) and in terms of betting. In fact, the amount of Bet Ether (stETH) it was almost five times larger than its nearest competitor.
Also LDO Annual Percentage Rate (APR) it was 4.9% with 10% of the fees divided between Node Operators (NO) and Decentralized Autonomous Organization (DAO).
The NOs act as participation providers that guarantee the security of the funds and the correct functioning of the validator.
Also, the APR offered by Lido and its staking adoption exceeds it Financing of the Curve (CRV), Come onAND Convex Finance (CVX)As a result, it was important for Brian Armstrong to call attention to the LDO. hunting regulator After the centralized bet.
Source: Defi Lama
In the context of Lido V2, the architectural design allows stakeholders to experience less downtime while validators receive multiple stETH in return.
NO, Developers and LDO Price Action
Still, in V2, Lido confirms that node operators will help Stacking Router Association while earning commission. As this allows for new potential, it means that more validators are looking in the direction of Lido, and there may be many more to come.
On implementation, views from Lido Finance were welcomed external developersContributions will not, however, imply any preferred set of fees, guarantees, or security, as the protocol will take care of all of that.
So with all that said, can LDO outperform before the end of the month?
Reading Lido Finance (LDO) Price Prediction 2023-2024
According coin market capitalization, The LDO price was $3.01, down 4.31% in the last 24 hours. But in the short term, the exponential moving average (EMA) reveals that the coin may soon break out of this zone.
At the time of writing, the 20 EMA (blue) crossed the 50 EMA (yellow). This means that the LDO could establish a new uptrend.
Source: TradingView
Additionally, the Chaikin Money Flow (CMF) moved above balance and settled at 0.02. The indicator measures the accumulation and distribution of an asset.
Since the price action closed above the midpoint, it meant that the LDO had strength in the market.
