Blockchain data analytics from Nansen in December noted that staking solutions such as these had been in high demand since Ethereum’s shift to proof-of-stake.
It’s report highlighted the impact of the Merge in introducing staked ETH as an out-and-out cryptocurrency-native yield-bearing instrument that has quickly outstripped other collateralized yield-bearing services. Lido appears to have benefitted from this, as its fee revenue has been directly proportional to Ethereum Proof-of-stake earnings since Lido sends received Ether to the staking protocol.
2022 in Press Releases: The Year's Must-Read Stories
yes because this is a staking solution ethereum
About to be dumped by SBF.
but not for long i guess, since TVL up and down.....and Lido finance supported by infamous FTX and SBF 😜