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Jul 18 • 4 tweets • 2 min read
Lido is launching stETH on Layer 2 🏝️

Ethereum is scaling, and so is Lido.

Lido stakers will soon be able to use their stETH assets in DeFi on Layer 2.

Read more about it here: blog.lido.fi/lidos-steth-co…
What does this mean? Lower gas fees + expanded DeFi ecosystem⚡️

Lido on L2 is not limited to a single network, but will unfold via an ongoing roadmap of L2 scaling solutions.

The supported Lido On L2 networks will be announced soon.
Lido on L2 will evolve as the Ethereum scaling ecosystem evolves.

In line with this, Lido is introducing L2sDAYS: a weekly series focused on the concepts, projects, people, and values making Ethereum scaling happen.
The first edition of L2sDAYS is set to take place tomorrow, 17.00 CET, with the fantastic @optimismFND team.

twitter.com/i/spaces/1MYxN…

Tune in weekly for more!

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More from @LidoFinance

Lido Profile picture
Jul 9
📈 Lido Weekly Digest: July 01 - 08, 2022

A weekly look at DeFi developments, Lido metrics and the growth of liquid staking.
⚡️ DeFi TVL ⚡️

The total DeFi TVL is sitting at $78.27b, up +7.8% in the last week.
🏝️ Lido TVL 🏝️

Lido TVL has hit $5.36b, up 17% in the last week, with Lido moving back to 4th in DeFi TVL rankings.
Read 11 tweets
Lido Profile picture
Jul 1
📈 Lido Weekly Digest: June 24 - July 01

DeFi developments from the week that has passed.
⚡️TVL ⚡️

Total DeFi TVL sits at $71.96b today.

1 week change: -4.3%
1 month change: -36% Image
⚡️TVL ⚡️

The Lido TVL sits at $4.59b today.

1 week change: -12%
1 month change: -46%

The main drivers of this are the falling token prices with ETH down -9% this week / -46% this month and Solana down -17% this week / -29% this month. Image
Read 20 tweets
Lido Profile picture
Jun 17
📈 Lido Weekly Digest: June 10 - 17, 2022

A weekly look at Lido, DeFi and liquid staking developments.
After a month of sideway activity (May 13 - June 10), the DeFi market stumbled and fell. Far.

The total DeFi TVL decreased by -30% over the course of the past week, to $74.02b today.

📉📉 Image
🏝️ Lido TVL 🏝️

The story is the same for Lido, with our dollar TVL falling by approximately -39% over the course of the past week, to $4.62b.

Why?
- 35% fall in price of $ETH.
- 16% fall in price of $SOL.
- 9% fall in staked $SOL.

defillama.com/protocol/lido Image
Read 24 tweets
Lido Profile picture
Jun 14
There has been continuing volatility and further significant movements of the stETH:ETH exchange rate again today.

While the discount on stETH on secondary markets is ~5% at the time of writing, Lido continues to operate normally.
These large swings are, in most cases, linked with the specific liquidity needs of certain market actors - they are not tied to the fundamentals of stETH or the value of the underlying assets.

All stETH issuances are verifiably backed 1:1 by ETH deposits on the Beacon Chain.
We continue to run risk management and collateral monitoring on the most popular DeFi integrations 24x7x365 and share that data openly in real time with the community.

blog.lido.fi/lido-stassets-…
Read 6 tweets
Lido Profile picture
Jun 11
📈 Lido Weekly Digest: June 3 - 10

A weekly look at Lido, DeFi and liquid staking developments.
⚡️ DeFi TVL ⚡️

Overall DeFi TVL decreased by -3.23% in the past week, to $103.15b.
🏝️ Lido TVL 🏝️

Lido TVL fell -12.28% this week to $6.64b.

Primary reason for this being market-wie fall in prices including -14.15% for $ETH and -11.11% for $SOL.
Read 15 tweets
Lido Profile picture
Jun 10
A proposal has been published which introduces an important change to Lido’s governance mechanism:

research.lido.fi/t/ldo-steth-du…
The proposal outlines a dual (LDO + stETH) governance model, where stETH holders have a veto to prevent the execution of the outcome of any Lido DAO vote within a selected scope.

At the same time the proposal seeks to further minimise governance in the protocol.
You can find more information about the proposal and join the discussion on Lido's governance forum:

research.lido.fi/t/ldo-steth-du…
Read 5 tweets

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