Lido Finance Consider Stopping Liquid Staking On Polkadot And Kusama

Lido Finance Consider Stopping Liquid Staking On Polkadot And Kusama \n \n Lido Finance, the market’s most extensive staking protocol, governs ending liquid staking on the Polkadot and Kusama systems, according to a proposal submitted on the forum on March 8. After MixBytes stopped technical offering assistance for Lido on Polkadot and Kusama as of August 1, 2023, the decision mentioned above was made public. MixBytes is a decentralized finance (DeFi) application developer founded in 2016. This company is a partner to help build Lido Finance’s liquid staking service on Polkadot and Kusama. The announcement said that while both Lido DAO and MixBytes are proud of what has been achieved and are grateful to all users and partners for trusting the solution, the decision was made due to many challenges, including market conditions, protocol growth, limited capacity, and preferred alignment. Today’s proposal could affect about $25 million in assets. Extracting data from DefiLlama.