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RE: LeoThread 2023-07-06 15:58

in LeoFinance • 2 years ago

🧵 1/ Lido (LDO) emerges as dominant player in Ethereum liquid staking space, outperforming competitors in supply, liquidity, and integration, says Glassnode analysis. #crypto

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🧵 2/ Lido enables users to stake ETH without locking assets or managing infrastructure. Users receive stETH, a 1:1 representation of their staked ETH, which can be used like regular ETH to earn yield or rewards.

🧵 3/ Despite competition, Lido maintains a supply 16 times higher than its closest competitor. However, Rocketpool's rETH has seen three times faster growth than Lido in 2021. LDO trading at $2.06.