BTC 102,756.00$ +4.94% ETH 2,198.14$ +20.32% USDT 1.00$ -0.02% XRP 2.31$ +8.53% BNB 626.44$ +3.68% SOL 162.35$ +9.06% USDC 1.00$ 0.00%
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2 years ago

Lido DAO Outperforms The Market

2023-01-13

REGULATION
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2 years ago


Centralized exchanges like Binance, Coinbase, Kraken; all provide liquid staking service. However, Lido DAO has 29% market share in liquid staking business. As of January 13, 2023, Lido DAO has $6.951 billion assets. Rewards that have been paid is $306 million. Number of stakers are 252,605. Between January 6, 2023 and January 13, 2023 Lido DAO Price has increased 51%.

 

There are 4 other platforms that offer liquid staking service.

1. Rocket Pool

349,728 have been staked in Rocket Pool. Rocket Pool’s assets is 10% of Lido DAO’s assets. Extra rewards from staking is Rocket Pool’s governance token, RPL tokens.

2. Stakewise

Stakewise has $1 billion in assets. Extra rewards from staking is rETH2 that can be traded on Uniswap to receive governance token, SWISE.

3. Stader

Stader has $112 million in assets. In Stader, there are more MATIC have been staked than ETH. Stader offer many altcoin staking including Hedera, Fantom, BNB, Near, Terra 2.0, and Avalanche.

4. Frax Ether

It has assets about $66 million. FXS token is the governance token of Frax Ether. Although the asset size of Frax Ether is small but it growing rapidly.

 

Ethereum proof-of-stake is making liquid staking industry grow. Lido DAO provide liquid staking for Ethereum, Solana, Polygon, Polkadot, and Kusama.

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