{"id":157562,"date":"2023-09-17T21:04:31","date_gmt":"2023-09-17T15:34:31","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=157562"},"modified":"2023-09-17T21:04:31","modified_gmt":"2023-09-17T15:34:31","slug":"lidos-new-collaborations-fail-to-make-ldo-see-green-why-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/lidos-new-collaborations-fail-to-make-ldo-see-green-why-crypto-news\/","title":{"rendered":"Lido&#8217;s new collaborations fail to make LDO see green &#8211; Why? &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<div class=\"single-post-author-top\">\n<p>\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" data-del=\"avatar\" src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/03\/WhatsApp-Image-2023-03-06-at-10.49.07-AM-e1678080944490-80x80.jpeg\" class=\"avatar pp-user-avatar avatar-48 photo \" height=\"48\" width=\"48\" \/><\/p>\n<p>Journalist<\/p>\n<\/p><\/div>\n<p>\t\t\t\t\t\t\t\t<span class=\"mvp-post-date updated\">Posted: September 17, 2023<br \/>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span><\/p>\n<\/p><\/div>\n<div>\n<ul>\n<li><em>Axelar Network collaborated with Lido to bring stETH to the Cosmos ecosystem.<\/em><\/li>\n<li><em>Lido governance introduces a risk reduction proposal as Lido continues to demonstrate resilience in TVL and performance metrics.<\/em><\/li>\n<\/ul>\n<p>Axelar Network, in a recent development, has announced a <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/x.com\/axelarcore\/status\/1702309307369615660?s=20\" data-wpel-link=\"external\">collaboration<\/a> with <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/search\/lido\" data-wpel-link=\"internal\">Lido [LDO]<\/a> to introduce stETH to the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/search\/cosmos\" data-wpel-link=\"internal\">Cosmos [ATOM]<\/a> ecosystem.<\/p>\n<hr \/>\n<p style=\"text-align: center\">Is your portfolio green? Check out the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/calculator\/lido-profit-calculator\" data-wpel-link=\"internal\">LDO Profit Calculator<\/a><\/p>\n<hr \/>\n<p>The venture entails bringing both versions of stETH, namely the rebasing token stETH and the auto-compounding wrapped token wstETH, into the Cosmos network. This process involves bridging from Ethereum via Axelar to Neutron, subsequently integrating with the broader IBC ecosystem of chains.<\/p>\n<p>This transition marks the beginning of stETH and wstETH\u2019s journey within Cosmos. Once wstETH is successfully deployed on Cosmos, and cross-chain governance mechanisms are firmly established, Lido DAO will assume control of the bridge\u2019s ownership, administration, and overall management from Axelar and Neutron.<\/p>\n<p>This collaboration could potentially expand stETH\u2019s utility and accessibility.<\/p>\n<h4>Governance remains active<\/h4>\n<p>Additionally, Lido governance recently introduced a proposal aimed at mitigating risks. The proposal outlines a surplus management framework for Lido DAO, primarily designed to minimize redemption risks in the event of correlated slashing incidents.<\/p>\n<p>The initial recommendation includes increasing the slashing provision by 5x to 25,608 stETH, with plans for dynamic and algorithmic updates.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">a surplus management framework for Lido DAO to minimise redemption risk to users in case of correlated slashing events<\/p>\n<p>initial recommendation is to increase the slashing provision by 5x to 25,608 stETH (and for it to dynamically\/algorithmically update)<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/4YPjExGsAh\" data-wpel-link=\"external\">https:\/\/t.co\/4YPjExGsAh<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/9IKHzF0Tgn\" data-wpel-link=\"external\">pic.twitter.com\/9IKHzF0Tgn<\/a><\/p>\n<p>\u2014 sacha\ud83d\udca7 (@sachayve) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/sachayve\/status\/1702728255881519461?ref_src=twsrc%5Etfw\" data-wpel-link=\"external\">September 15, 2023<\/a><\/p>\n<\/blockquote>\n<h4>Some slowdown in performance<\/h4>\n<p>Despite these factors Lido was unable to see growth over the last week.<\/p>\n<p>Examining Lido\u2019s performance metrics, the Total Value Locked (TVL) saw a marginal decrease, resting at $14.05 billion (7-day change: -0.38%) following a slight dip in token prices.<\/p>\n<p>However, Lido secured the top position in net new deposits to the Ethereum Beacon Chain for the week, with an impressive increase of 42,880 ETH. The stETH Annual Percentage Rate (APR) remained relatively stable, reflecting a 7-day moving average of 3.73%.<\/p>\n<div id=\"attachment_344281\" style=\"width: 1064px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/F5y9yMEbwAAKdZl.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-344281\" class=\"wp-image-344281 size-full\" src=\"image\/svg+xml,%3Csvg%20xmlns=\" alt=\"\" width=\"1054\" height=\"340\" data-lazy-srcset=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/F5y9yMEbwAAKdZl.png 1054w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/F5y9yMEbwAAKdZl-300x97.png 300w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/F5y9yMEbwAAKdZl-1024x330.png 1024w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/F5y9yMEbwAAKdZl-768x248.png 768w\" data-lazy-sizes=\"(max-width: 1054px) 100vw, 1054px\" data-lazy-src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/F5y9yMEbwAAKdZl.png\" \/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-344281\" class=\"wp-image-344281 size-full\" src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/F5y9yMEbwAAKdZl.png\" alt=\"\" width=\"1054\" height=\"340\" \/><\/a><\/p>\n<p id=\"caption-attachment-344281\" class=\"wp-caption-text\">Source: Dune Analytics<\/p>\n<\/div>\n<p>On the other hand, the total volume of (w)stETH deposited into DeFi pools exhibited a minor decrease of 5.72% over the past week.<\/p>\n<p>Currently, it stands at 2,972,935 stETH, constituting 34.56% of the total stETH supply. Notably, a substantial portion of these deposits originated from stETH withdrawals from the Lybra Finance pool.<\/p>\n<hr \/>\n<p style=\"text-align: center\">Realistic or not, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/ambcrypto.com\/calculator\/marketcap\" data-wpel-link=\"internal\">here\u2019s LDO\u2019s market cap in BTC terms<\/a><\/p>\n<hr \/>\n<p>Furthermore, the quantity of stETH bridged to Layer 2 (L2) experienced a modest reduction of -0.43%, aggregating to 134,699 stETH.<\/p>\n<div id=\"attachment_344282\" style=\"width: 881px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/F5y93bQbEAAVvhS.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-344282\" class=\"wp-image-344282 size-full\" src=\"image\/svg+xml,%3Csvg%20xmlns=\" alt=\"\" width=\"871\" height=\"292\" data-lazy-srcset=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/F5y93bQbEAAVvhS.png 871w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/F5y93bQbEAAVvhS-300x101.png 300w, https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/F5y93bQbEAAVvhS-768x257.png 768w\" data-lazy-sizes=\"(max-width: 871px) 100vw, 871px\" data-lazy-src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/F5y93bQbEAAVvhS.png\" \/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-344282\" class=\"wp-image-344282 size-full\" src=\"https:\/\/statics.ambcrypto.com\/wp-content\/uploads\/2023\/09\/F5y93bQbEAAVvhS.png\" alt=\"\" width=\"871\" height=\"292\" \/><\/a><\/p>\n<p id=\"caption-attachment-344282\" class=\"wp-caption-text\">Source: Dune Analytics<\/p>\n<\/div>\n<p>Along with the poor performance of the protocol, LDO\u2019s price movement also suffered. At the time of reporting, LDO was trading at $1.52, marking a slight decrease of 0.42% according to CoinMarketCap. Additionally, the trading volume for LDO recorded an 18.96% decline within the past 24 hours.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Journalist Posted: September 17, 2023 Axelar Network collaborated with Lido to bring stETH to the Cosmos ecosystem. Lido governance introduces a risk reduction proposal as Lido continues to demonstrate resilience in TVL and performance metrics. Axelar Network, in a recent development, has announced a collaboration with Lido [LDO] to introduce stETH to the Cosmos [ATOM] [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":157563,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-157562","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/157562","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=157562"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/157562\/revisions"}],"predecessor-version":[{"id":157565,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/157562\/revisions\/157565"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/157563"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=157562"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=157562"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=157562"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}