lido finance21
$ldo
MCAP567.88M
+8.53%

what's lido finance?

Lido Finance is a leading liquid staking protocol in the DeFi ecosystem, enabling users to stake assets like Ethereum (ETH) and Solana (SOL) without locking them up, by issuing liquid staking tokens such as stETH and stSOL that represent staked assets and accrue rewards. Its primary purpose is to provide accessible staking opportunities with liquidity, allowing staked tokens to be used in various DeFi applications while earning staking yields. Key features include decentralized governance through the LDO token via the Lido DAO, support for multiple blockchains like Ethereum and Solana, and advanced infrastructure like Lido V3 stVaults for institutional-grade yield strategies and isolated staking. Recent developments highlight integrations with platforms like Linea and zkSync for Layer 2 scaling, as well as partnerships such as the $3M allocation to Origin's stETH ARM vault for liquidity and stability. Lido also emphasizes community staking modules (CSM) to diversify node operators and enhance protocol security. With over $30B in total value locked, it ranks among the top DeFi projects by development activity and adoption.

Snapshot

Lido integrated with Jumper Earn for multi-chain ETH staking, saw $120M whale inflows, and $22-35B TVL.

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ethereum

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10H ago
PARTNERSHIP

Integrated with Jumper Earn to enable ETH staking through their platform, allowing users to stake from any asset and any chain.

1D ago
WHALE ACTIVITY

Received $120M in whale inflows.

2D ago
ONCHAIN METRICS

Reached between $22 billion and $35 billion in TVL, operating primarily on Ethereum and available on other chains.

2W ago
OPINION SPECULATION

Experienced increased voter participation after implementing new governance rules, contrasting with declining participation at other DeFi protocols.

WHALE ACTIVITY

Arthur Hayes sold ETH to buy LDO, PENDLE, and ENA during the week of December 22-28, 2025.

VISIBILITY EVENT

Ranked 5th among DeFi projects by development activity in Santiment's top 10 list for December 2025, maintaining the same position as the previous month.

ONCHAIN METRICS

Captures less value than DeFi lending protocols per unit of TVL when net interest margins from borrowing are included, based on data comparing revenue across the onchain credit stack.

3W ago
VISIBILITY EVENT

Nominated for "Best In Yield" award with results to be announced on December 30th, 2025.

WHALE ACTIVITY

Received approximately $38 million worth of stETH from a whale wallet that dumped AAVE tokens in exchange for stETH and WBTC.

PARTNERSHIP

Integrated Chainlink CCIP for cross-chain transfers and DeFi access.

ONCHAIN METRICS

Reached 8,700,000 ETH staked across 800+ node operators, with over 33% of stETH utilized in DeFi protocols.

TECH EVENT

Gearbox Protocol enabled direct withdrawals from Mellow for rstETH positions to allow users to exit without DEX fees or slippage, following Mellow's scheduled infrastructure upgrade after December 21, 2025.

MARKET ACTIVITY

Listed on Robinhood Crypto for spot trading on December 19, 2025.

PARTNERSHIP

Integrated with Eigenpie for liquid restaking, allowing stETH holders to restake as mstETH and earn additional rewards through Eigenpie's platform while maintaining liquidity.

1M ago

Lido V3 Vote Phase 1 (Soft Launch) goes live with publication of technical paper detailing stVaults architecture, overcollateralization mechanics, and new use cases including delegation liquid staking and institutional integrations. P2P Validator and Edge Capital Management prepare rstETH⁺ vaults for the V3 upgrade.

Pike Closed Beta goes live on Base with capital-efficient DEX and lending experience for Ethereum LST holders, starting with invite-only access for Lido and ether.fi communities.

DAO completed voting on the 2026 Ecosystem Grant of $58.2M for GOOSE-3 growth, with GOOSE 2025 initiative outlining strategic focus on expanding staking products and new revenue lines including stVaults, Lido Earn, and Lido Core Upgrade.

$LDO token declined 30% over the past 30 days while ranking #5 among top projects by revenue generation.

Identified as a top performer in the last 7 days within the ETH staking and liquid staking category, outperforming together with related assets as capital rotates into the narrative.

Four new governance votes go live from December 11-19, covering 2026 DAO goals, ecosystem grant execution, Lido Alliance bylaws amendment, and SEAL Safe Harbor Agreement.

Protocol generates $14.3M in fees and cashflow over the last week, ranking third among top DeFi protocols behind Hyperliquid ($17.0M) and Aave ($14.4M).

A whale closed all wstETH positions in early November, realizing $500,670 in profits, and currently holds no positions.

Protocol quarterly fees are close to all-time highs.

Lido falls to #2 in DeFi TVL rankings from #1 position year-over-year as Aave takes top spot and Binance staked ETH increases market share.

Lido V3 launch is targeted for December 19th, with XGA already live and incentives available for sign-ups.

Reya platform now accepts wstETH staking as part of their points program, where users earn weekly points that may count toward a future $REYA airdrop.

Lido stRATEGY reaches $100m TVL one month after launch.

Pendle launches a new v2 pool for wstETH this week with June 25, 2025 maturity date.

A Community Call is scheduled for December 11 with updates on CSMv2, CMv2, GOOSE-3m and EGG.

wstETH bridging to Monad blockchain is now live, enabling users to access Ethereum staking rewards on the Monad network. The project ranks #7 among Ethereum-based ecosystems by development activity with upward movement since last month.

Lido GGV integrates with Equilibria platform, offering boosted yield returns for wstETH and ETH deposits through vePENDLE boost mechanism with instant activation for existing Pendle LP/PT holders.

An exploit on USPD results in 232 stETH being drained.

The DAO considers a $58.2M 2026 Ecosystem Grant Request to fund GOOSE-3 Core and Growth goals.

WisdomTree's Lido stETH ETP (LIST) begins trading on major European exchanges, debuting with $50M in assets under management.

WisdomTree launches a staked Ethereum ETP in Europe using Lido Protocol as the staking infrastructure.

WisdomTree launches the world's first physically backed Lido Staked Ether ETP with BitGo custody, providing regulated access to on-chain staking rewards. Lido Finance joins the Ethereum Protocol Advocacy Alliance alongside Aave, Curve, Uniswap, and others to protect Ethereum's neutrality and shape global regulation.

Treehouse Booster Season 5 goes live with $350k TREE rewards available for wstETH staking in TreehouseFi's Simple Yield vault via Binance Wallet.

A 2026 Ecosystem Grant Request has been published on the Lido DAO forum, outlining funding requirements for Lido Foundations to maintain protocol operations and deliver proposed GOOSE-3 goals.

TVL on the wstETH/ETH liquidity pool grows 40% to $28,000,000 since yesterday.

A whale buys 384,075 LDO tokens ($244,000) during the market dip in the last 24 hours, part of a $35.7M multi-asset purchase.

Grayscale now stakes over 70% of its $4.7B ETH ETF holdings and BlackRock files for its own staked ETH ETF, as ETH ETFs with $18B in assets control nearly as much staked ETH as Lido's 24% market share.

WisdomTree EU launches LIST, the first Exchange Traded Product holding 100% stETH minted via the Lido protocol.

Following the Fusaka hardfork, a Prysm client bug caused network-wide participation issues, but the protocol operated normally and outperformed other major staking solutions due to its decentralized validator set.

stETH EVM contract deploys on AO platform as part of infrastructure integration with secure off-chain systems.

stETH ranks #8 by crypto market cap globally but remains unlisted on Coinbase.

Axie Infinity's AIP-003 proposal allocates 2837 ETH from treasury to liquid staking products including wstETH alongside rETH and cbETH.

The Community Staking Module grows to 500+ operators, representing ~1% of all staked ETH and positioning as the 9th largest Ethereum staking pool.

New Lido Finance vault pools arrive on Penpie platform as part of second wave deployment, with boosted PENDLE yields to follow.

DEX-based instant unstaking on Lido currently costs approximately 0.035% for a 1000 ETH transaction.

Two wallets (likely same whale) swap 13,365 stETH for 13,356 ETH ($36.7M) and deposit the ETH into Kraken exchange.

stETH vaults launch on Pendle with stRATEGY and GGV products expiring March 26, 2026, with Penpie integration coming soon to boost yields.

DAO approves converting ~$30M in idle stablecoins into yield-generating assets under TMC-6 guardrails. GOOSE-3 proposal details 2026 strategy to expand from single staking protocol into broader product suite with stETH/stVaults growth, Lido Earn scaling, and DeFi expansion via NEST with $LDO alignment.

A dedicated decentralization roadmap update event is scheduled for December 11 at 14:00 UTC, covering CSMv2, CMv2 landscape, GOOSE-3, and EGG.

BlackRock ETH staking ETF awaits SEC response on December 1st, specifically flagged alongside $LDO as a key date in the crypto calendar.

Liquid staking TVL grows 20% in 180 days to $57.6B, representing half of DeFi, with Lido holding $26B in staked ETH.

An active contributor announces their departure from Lido DAO for a planned break of at least 3 months after working on protocol development and new ideas.

Two Snapshot governance votes are live until December 1: Curated Module Fee Adjustment and Treasury Stablecoin Conversion.

New wstETH-ETH liquidity pool goes live on PancakeSwap Base, part of 11 pools backed by 240k OP incentives with ZK-verified rewards through Brevis and Incentra.

Wormhole selected as Monad's native bridge provider, supporting wstETH transfers as part of $170B+ in NTT assets.

STETH/USD and wstETH/USD price feeds now live on Monad blockchain as part of permissionless real-time data feed deployment.

yoETH adds wstETH as a yield source for its users.

GOOSE-3 proposal now live with strategic goals for 2026 and 3-year vision covering expanded staking ecosystem, enhanced protocol resilience, and new DAO revenue streams.

Lido V3 release scheduled for November.

AZTEC token sale offers priority access to Lido CSM node operators.

Aave DAO votes to freeze wstETH on Aave Plasma instance, stopping all new deposits, borrows, and collateral use, as Lido and Chainlink redeploy wstETH via CCIP to align with a new cross-chain strategy.

A whale unstakes 4,031 ETH from Lido after 3.5 months and transfers the entire amount to Kraken exchange, earning 31 ETH in staking rewards while the principal loses $4.66M in value as ETH price drops from $3,905 to $2,682.

A whale position using wstETH as collateral gets liquidated for $6.52M following ETH dropping below $2,900.

Seamless becomes the largest borrower on the wstETH/WETH market on Ethereum with fresh TVL added, in collaboration with Morpho protocol.

The stRATEGY product adds 20,000 ETH in 2 weeks, hitting a new high in ETH-based TVL.

Total value locked increased from $1b to $35b since May 2021 (35x growth) despite market cap falling from $3b to $1b, as the project transitions through three strategic phases from multichain expansion to Ethereum focus to decentralization.

Lido activates fee switch for revenue distribution to holders. (ID: 1990726887640023143)

Pre-incentives for v3 launch are now available, with auction incentives extending beyond Node Operators and LPs.

Arthur Hayes continues selling through B2C2 and Wintermute with an additional 320K LDO ($240K) and 700 ETH ($2.22M), bringing his two-day cumulative sales to $7.4M across ETH ecosystem tokens including 1,480 ETH ($4.7M).

Steakhouse Fi proposes automated LDO buybacks to Lido DAO that activate only when ETH exceeds $3000 and annualized revenue surpasses $40M.

Arthur Hayes sells $4.96M in crypto over 24 hours including 640K LDO, 780 ETH, 5M ENA, 1.63K AAVE, 28K UNI, and 132K ETHFI tokens.

Arthur Hayes sells 640K LDO tokens worth $480K alongside other crypto holdings including 260 ETH ($820K), 2.4M ENA ($651K), 1,630 AAVE ($289K), and 28,670 UNI ($209K).

BitMEX co-founder transfers 10 LDO to FalconX institutional trading desk as a test transaction, with additional LDO sales expected to follow after selling ETH and other ecosystem tokens totaling over $2.5M.

DeGate exchange integrates stRATEGY Vault by Mellow, expanding distribution of the vault product to its platform with one-click stETH yield access.

CSM v2 adds 111,500 ETH from community stakers and 30 new node operators in its first month, now representing 4.25% of total TVL.

Lido V3 with stVaults launches to enable institutional staking and customized strategies as part of the expansion into a multi-product platform built around stETH.

2M ago

The protocol proposes token buybacks starting at $4M annually, capped at $10M per year if all conditions are met.

stRATEGY Vault by Mellow surpasses $50M TVL with over 15K ETH deposited. LDO lists on Grvt exchange for trading.

Aave votes to remove LDO as collateral and sets LTV to zero due to oracle price lag risks during the market crash and low revenue generation from the asset.

The Ethereum Protocol Advocacy Alliance launches with Lido Finance and 6 other protocols (Aragon, Uniswap, The Graph, Curve Finance, Spark, Aave) to coordinate policy efforts for onchain infrastructure, representing over $100B in secured assets.

Utila integrates stETH to expand institutional access to Ethereum staking while maintaining operational control for users.

Lido joins Immunefi Magnus Security OS as an early access member alongside Chainlink, Optimism, Avalanche, ENS, Polygon, and Aave, with the platform protecting over $81B in assets across 170+ members.

A bug bounty competition launches with a $200,000 bonus reward pool on top of the existing program and maximum bounty of up to $2 million for the Lido V3 codebase.

The buyback proposal allocates 50% of revenue exceeding the $40M annual threshold to purchase LDO tokens, with Steakhouse Finance partnering on the programmatic and automated buyback implementation.

The previously announced buyback mechanism will deploy LDO/wstETH liquidity as a Uniswap v2-style LP position held by the Aragon Agent, targeting Q1 2026 implementation if approved.

The proposed buyback program targets $4M in annual LDO purchases with a $10M cap, activating only when ETH is above $3,000 and annualized staking revenue exceeds $40M.

Lido proposes a new Liquid Buyback mechanism as whales and market makers accumulate $LDO this week with top buyers including leaderboard wallets.

The Treasury Secretary of the United States tweets about staking rewards.

Lido partners with Certora for formal verification and continuous security audits to protect smart contracts on Solana.

Lido Finance integrates with Chainlink standard this week as part of 52 integrations across 11 services and 15 chains.

Token holder update coming on November 11.

The stRATEGY Vault by Mellow crosses $25M TVL in less than 3 days after launch.

wstETH worth a couple million dollars was drained from Moonwell DeFi and KelpDAO protocols through manipulation of a Chainlink rsETH market rate oracle this week.