Lido Finance LDO Drops As Liquid Staking on Polkadot Comes to an End

LDO, the governance token of the popular Ethereum staking solution Lido Finance, has experienced a sharp drop. The token is down by over 6% in the past 24 hours and about 18% in the past week. The token is currently priced at $2.37.

One possible contributor to the sharp drop in the LDO token price is the fact that a partner firm is ending liquid staking on Polkadot and Kusama. Lido’s partner development firm for Polkadot and Kusama staking, MixBytes, has announced that it would stop supporting the network.

(By Rahul Nambiampurath)

Lido DAO $1.22

-4.17%

Lido Finance

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