Binance To List Andreessen Horowitz-Backed DeFi Altcoin Built On Ethereum Amid Crypto Market Collapse

The world’s largest crypto exchange is adding a decentralized staking platform to its roster of assets.

$19.2 Billion in Staked Assets — Liquid Staking Solution Lido Set to Surpass Curve’s TVL

While the total value locked (TVL) in decentralized finance (defi) hovers just above the $214 billion mark, a defi protocol called Lido has been moving closer toward taking Curve’s top spot in terms of TVL in a defi protocol.

75% of New Stakers on Lido Finance Joined via Staking Project in Past Month

Lido Finance revealed that 75% of new stakers on the Beacon chain who joined in the last 30 days have done so via the staking project.

Staking Project Lido Finance Surges As Ethereum Merge Looms

Lido Finance’s native token, LDO, is up over 25% in the past week, likely thanks to the impending Ethereum 2.0 upgrade.

Analysing how Lido became the top ranked DeFi protocol, with TVL over $18B

Despite a plunge in the total value locked in decentralized finance in 2022, Lido Finance continues to see a spike in TVL since 1 March, 2022.

Andreessen Horowitz invests $70M in Ethereum staking protocol Lido

The venture capital firm said Lido's liquid staking solution removes many "operational complexities" institutional investors have faced in staking ETH. Ethereum staking solution Lido Finance has raised $70 million from venture capital giant Andreessen Horowitz, marking the protocol’s first funding round since May 2021. Andreessen Horowitz’s investment in Lido is intended to further support the adoption of decentralized staking solutions for Ethereum 2.0, a spokesperson for the venture capital firm said.

Eth2's Rocket Pool reaches $350M TVL and 635 node operators in five weeks

“In the staking market, there was significant latent demand for a decentralized option — it just needed our launch to spark an inferno,” said Rocket Pool general manager Darren Langley.