LDO

Crypto-Expansion

I am also heavy on alts! Very keen on synthetix: SNX, DAFI, LDO, etc. Sadly not so bullish on the ATOM and DOT ecosystems, which I am still holding with big losses and considering selling for liquidity to invest in others...

peopleplanetprofit

What‘s your verdict on Lido DAO (LDO)?

EarningsPal

Why can’t ethereum just program in liquid staking? It seems like a huge risk to the chain to have users give up control of their ETH to a hackable smart contract. Not that LDO, Stader, Rocketpool, or others will actually get hacked. But the contracts give a small group all the control of all the ETH if they really wanted to take it. I’ve watch many tokens get migrated to new contracts that expand the original on chain rules to give the contract devs more control of the underlying assets. For staking it’s different than someone wanting higher yield from lending of liquidity pools. Staking should not add risk.

hydroflow78

OP, LDO, ARB love to pump when ETH is going up.

luizfelipefb

I think this is what I'll do, I move everything out, but LDO and AAVE, once I get to 4 digits, I'll transfer than out too tnx

Dark_Raiden_

So liquid staking is probably gonna be a bigger thing soon. But what's the incentive for holding a token like LDO for example where you don't even need it? It's just a governance token for DAO?

nevermindthebbb

Inverse r/cc long/short index update link to the original thread: https://www.reddit.com/r/CryptoCurrency/comments/18xf86c/inverse_rcc_longshort_index/ thought i'd give an update after yesterday's move. biggest liq event we've had in at least a year, but the inverse r/cc index is up just 0.5% - https://imgur.com/a/hD7thPB all shorts in profit and all longs underwater since trades were made pre-nuke. outperformers are TRX and XMR, while laggers are PEPE and LRC unfortunately inverse r/cc missed all the outperformers on the long side since the dump, which are cosmos eco coins (INJ, TIA and SEI) and eth beta (OP, ARB, LDO). luckily, none of reddit's picks outperformed the market so we are sitting pretty much at break even

CandidateNrOne

Whenever I held a token and sold because nothing happened, I lost. I had a big LDO bag and sold for others. Shit.... So I think, it s time to stop watching the charts for 6 months and just be surprised than! Every trading I made, was a mess!

noncognitive

> Ethereums largest asset is USDT Sure, followed by $24b worth of USDC, $21b in LDO, $8.5b in LINK, and many many more $1b+ projects >Cardano has roughly the same amount users as Ethereum lmao sure it does buddy. Tell me, what's the top protocol on Cardano?

Alexbobica

My list of potential crypto projects for 2024 includes different categories. I doubt NFT and GameFI spaces can attract attention again. It depends on developers and designers, I guess. I believe the potential lies in LSD (LDO and RPL), DePIN (AIOZ and ADE), Oracles ( DIA and LINK), and AI ( OCEAN and FET) spaces. I named some of the projects that developed very well. Let's see how it plays out.

stormingaround10

Good post and a good opportunity to explore some L1 projects. I think INJ is a solid pick, but generally speaking, there are other altcoins within other categories worth exploring. LSD ( LDO and RPL), Oracles ( LINK and DIA), and DePIN ( HNT and DIA) are some of the categories to explore.

stormingaround10

I would include several altcoins from different areas: LSD ( LDO and RPL), AI which has big potential to be a leading narrative during a bull market ( FET and OCEAN), and DePIN which keeps growing ( HNT and ADE). Bright future ahead.

Noematasv

First of all, great mindset! Second, be aware of the scams. Third, start from alts with good fundamentals and a good team. Like LDO, NXRA, TAO.. Fourth, losing money is a part of this, don't forget that. If you trust your projects in the long run, don't let small (or big) waves confuse you. Focus on the endgame

tehLife

LDO

CandidateNrOne

Eth staking protocol LDO climbing nice. Now when ETH will forget its resistance, we ll see it explode.

CandidateNrOne

So knows, why LDO pumping?

CandidateNrOne

TA for ETH doesn’t show much resistance over 2600. I like my biggest bag pumping. And LDO!

CandidateNrOne

My second bag, LDO is doing fine.

CandidateNrOne

Was long time for it to do. LDO (eth staking) is one more better of. Waited long for this sign.

Bronchopped

Kaspa just pipped hbar and LDO. Taking names with no t1 exchanges. This is going to be massive.

Reqhead

Also how do they incentivise stakers - when LDO token is on Eth. Compared to native stakers actually fighting for market share on Sol and offering airdrops / rewards. Just goes to show it will be v difficult for a single actor to dominate LSTs across virtual machines.

jennyYESs

SOL, LDO, ICP and VET are the entire bags of this writer.

robnectar

Bitcoin is holding above $26,500 and the price stability could lead traders to take a second look at SOL, LDO, ICP and VET. The S&P 500 Index nudged higher by 0.45% to record its second positive week. While the United States equities markets were a slow mover, gold witnessed a massive run-up of more than 5% this week. Its rally of 3.11% on Oct. 13 was its best one-day performance since Dec. 1 of last year. However, the Bitcoin bulls did not have any such luck as Bitcoin is on track to end the week down more than 3%. Bitcoin’s weakness and the regulatory overhang have kept crypto investors away from altcoins. That has kept Bitcoin’s market dominance hovering near the 50% mark for the past few days. Market observers are likely to keep their focus on Bitcoin for the next few days. The longer the bulls sustain the price above $25,000, the greater the possibility that the next move is likely to be higher. A bullish move in Bitcoin is likely to spur buying in select altcoins as crypto investors will then sense a bull market. Select cryptocurrencies are showing signs of forming a base. If they breakout to the upside, a new up-move may start. Let’s study the charts of the top-5 cryptocurrencies that could outperform in the near term. Bitcoin price analysis Bitcoin has been trading between the moving averages for the past few days, indicating indecision between the bulls and the bears about the next directional move. Usually, a tight consolidation is followed by a range expansion. In this case, if buyers kick the price above the 20-day exponential moving average ($27,110), the BTC/USDT pair could rise to $28,143. The bears are expected to mount a strong defense at this level. Alternatively, if the price turns down and dives below the 50-day simple moving average ($26,671), it will signal that bears have asserted their supremacy. The pair may first drop to $25,990 and thereafter to the pivotal support at $24,800. This level is likely to attract aggressive buying by the bulls The pair’s recovery is facing selling at the 20-EMA on the 4-hour chart but a positive sign is that the bulls have not given up much ground. This suggests that the buyers are not rushing to the exit and are keeping up the pressure. If the 20-EMA is taken out, the pair could first rise to the 50-SMA. This level may act as a minor barrier but if overcome, the pair could climb to $27,750 and then to $28,143. On the contrary, if the bulls fail to pierce the 20-EMA, the sellers will sense an opportunity to pull the price lower. A dump below $26,500 could sink the pair to $26,000 and then to $24,800. has been witnessing a tough battle between the bulls and the bears near the 20-day EMA ($21.77). This suggests that the bulls are trying to flip this level into support. There is a minor resistance at $22.50 but if this level is crossed, the SOL/USDT pair could rise to the neckline of the inverse head and shoulders pattern. A break and close above this resistance will complete the bullish setup. Buyers may face a stiff resistance at $27.12 but if this hurdle is cleared, the pair could surge to the target objective at $32.81. This positive view will be negated in the near term if the price turns down and plunges below the 50-day SMA ($20.50). That could start a descent toward $18.58 and then to $15.33.

johnnyb0083

Been looking at LSD tokens recently, figured I'd share some of my notes with you fine people. Today I took a look at Lido. ## What is it? Lido is a staking solution for PoS networks. Lido uses approved validators to stake your ETH in return for a portion of the rewards. ETH is spread out across validators and there is insurance for slashing events. The code base is entirely open source and has been audited. In regards to ETH it has several tokens: ## Token design * [stETH](https://coinmarketcap.com/currencies/steth/) is staked ether in [Lido](https://lido.fi/). It represents an amount staked in the Lido network. It is a rebasing token and the amount vested updates daily (12 PM UTC). If you live in a country that taxes interest this might be concern to you as you will get daily payouts similar to an investment that pays interest daily. * [wstETH](https://coinmarketcap.com/currencies/lido-finance-wsteth/) is a staked ether in [Lido](https://lido.fi/) on layer 2. This is also a rebasing token but the amount doesn't compound like stETH. The interest is held in shares and you can withdraw when you unwrap the asset. You will not gain the compound effects from this token immediately but might be good if you don't want to be taxed for some time. This token is also useful to provide LP on protocols that require an asset to have a constant value like Uniswap. * [LDO](https://coinmarketcap.com/currencies/lido-dao/) strict governance token for the Lido DAO that manages depositor's ETH, which validators can run in the network, development of the ecosystem, education and more. ## How do I stake? With lido you only need to swap your ETH for stETH or wstETH depending on which LSD you want to use. Then just hold the asset and accrue interest. ## Smart Contracts Lido has a [github](https://github.com/lidofinance), their token contracts adhere to the ERC-20 Interface. There are other methods built-in for specific functions as well. The code has been [audited](https://github.com/lidofinance/audits) by multiple firms. ## How does Lido make revenue? The DAO is paid 5% of all rewards on the network, 5% go to the node operators (they don't have to put up any ETH to run) and the rest goes to pay the LSD holders. ## Marketshare Currently Lido makes up around 30% of all ETH stakers, more info on this dune query [here](https://dune.com/queries/1933086/3188561). ## Risks * DAO gets hacked or keys are stolen, could liquidate the entire project. * Smart Contract risk. ## My take ## Positives * Open source software with multiple audits. * Funds are never held by an entity other than the DAO. * Insurance for slashing. ## Negatives * Currently has the largest share of validators which poses a risk as far as decentralization [bankless](https://www.youtube.com/watch?v=2a2owGBkfhQ). * Only approved validators can run nodes, centralized from an operational perspective. * Fees are subject to the DAOs whims.

NoProfessional232

Maybe some LSD coins Pendle or LDO.This is just a harmless suggestion.

Valdorff

> No, what prevents it is loss of business. It's really not. There is no way for Lido to exit the NO's validators (and even if there were they can also threaten a mass slash in such a case to hold some ETH hostage btw). Lido have been forthright that they don't plan to give any NO more than 1% of total stake. In other words, total stake needs to grow about 6x for revenue to reach what they could achieve via theft. > And yet, Lido staking and security are not exposed to LDO like RP staking and security are exposed to RPL Third time I'm responding this to you -- staking security (aka rETH security) does not rely on RPL value. It would be fine with $0 RPL. > Insisting on your disdain for VC funding doesn't change that, but it does make the irony more visible since both LDO and RPL holders are laughably concentrated. I don't have disdain for VC funding. I do believe it comes with a set of influences, and think other alternatives are viable. Let's consider what it would take to get 20% of vote. For Lido, 5 LDO-holding wallets would get there. For RP, we lie on the orange curve in https://dao.rocketpool.net/t/proposal-switch-to-linear-voting-power-to-resist-attackers/1213/10?u=valdorf and can see it takes over 100 nodes. Looking at votes with delegation instead, it's about 18 voters (assuming that nobody overrides their delegate) -- not great, but much more than 5. > First, there is quorum. Second, Lido is implementing dual-governance Quorum is 5%. The holder list shows single wallets holding 5%. If 2 large wallets voted, it would be the most total vote Lido's aragon instance has seen in a long time. FYI, RP's quorum is 15%. Dual governance is really cool. But it's not a panacea. It's particularly subject to "boil the frog" style stuff. Ie, yes people might revolt if you say "we're gonna triple the commission", but they may not if you multiply it by 1.1x 12 times with multimonth gaps. > how are rETH holders valued at RP governance to protect them against malicious governance (dictated by RPL holders)? They do not have a direct protection, you're right. Their value is enshrined in the pDAO charter https://rpips.rocketpool.net/RPIPs/RPIP-23, but that's about what should be, not what can be (ie, trust based). > Delegation is yet another concentration instrument, it's funny you're proud of it. So... until ossification, there needs to be _some_ way to make changes. I'm somewhat proud of our voting power spread. Delegation (working well) helps empower small holders that can't justify spending the time to research every choice. Importantly, they can vote directly for specific votes if they wish to. Essentially we can think of the good version of delegation as creating new "large" voters out of lots of tiny ones. The bad version of delegation is making "controlling" delegates out of "large" ones -- we haven't seen that yet, but it's certainly a risk. > p.s. I don't even like Lido. It's the misrepresentation of truth that made me reply on this cesspool of a sub (way more than I ever envisaged). If I really had to choose a LST platform for my ETH, it would probably be Coinbase for a host of reasons I'm not going to get into, with all risks of losing the stake etc. I would say I mostly like Lido, fwiw. If they didn't have the "winner take all" mentality, I'd probably have no issues with them at all. Heard in terms of ending up replying muuuch more than desired - me too fren. cbETH is a perfectly reasonable choice -- since they strengthened their ToS earlier this year, I think they're pretty solid (though ofc wholly centralized).

johnfintech

> They could steal 6x that if they wished from Execution Layer. What prevents that? Trust. You plaster that nonsense everywhere. It's so disingenuous it's funny. No, what prevents it is loss of business. They're contractors. Get over it. I'm aware of how DAO governance works, thank you very much, and as I stated they are all anything but decentralized. And yet, Lido staking and security are not exposed to LDO nearly as much as RP staking and security are exposed to RPL. Insisting on your disdain for VC funding doesn't change that. Delegation is yet another concentration instrument, it's funny you're proud of it. AAVE has the famous Aavechan - thousands of delegates, sometimes enough for passing proposals outright. The reality? One guy yields most power and manipulates everyone's votes and opinions who follow like sheep more blindly than Trump supporters: see https://app.aave.com/governance/proposal/289/ and https://governance.aave.com/t/arfc-acquire-crv-with-treasury-usdt/14251

Valdorff

The Node Operators for Lido, which is the one I'm most familiar with, explicitly do not have signed contracts. They get a 5% commission. They could steal 6x that if they wished from Execution Layer. What prevents that? Trust. VC funding is a massive threat to Lido. If they wished, a couple/few VCs could have governance do literally anything they wanted. Settings like RPL inflation and future commissions, or commissions to Lido NOs and Lido treasury are controlled by the respective governance tokens. In Lido, it's pure holding; for RP, they also need to be effectively staked. Many fewer entities could determine these settings for Lido than for RP. > having its entire security and tokenomics rely on the market value of a native token This isn't the case. By design, RPL is secondary collateral. There is enough ETH bond for security with RPL valued at $0. > all existing DAOs whose members aren't required to be active users of the product Fwiw, the RP pDAO is defined as holders of effectively staked RPL -- ie, node operators. > It's ironic seeing you call out LDO (given the RPL initial allocation and distribution) The ICO was indeed pretty concentrated <https://rocketscan.io/rpl/ico>, but it got dramatically more spread out over time <https://rocketscan.io/rpl/holders>. And governance power is even more spread out than that because the RPL needs to be effectively staked and we scale with square root <https://rocketscan.io/snapshot/votingpower>. For example, I have the third highest voting power due to 30 delegators; I have 4 minipools and I delegate that voting power to someone else cuz I think I have more than one person should at just under 2%. I should note, everyone that delegates to me has the ability to override my vote too, if they don't like it :)

johnfintech

That's incorrect. Node operators for lido, coinbase, kraken act as contractors, they get payment from the fees raised by the staking platforms. Also, nothing wrong with VC funding - in fact it's preferred as they bear the risk temporarily while the platform can grow organically and safely using a fee model, rather than having its entire security and tokenomics rely on the market value of a native token and its inflation controlled by a select few. Lido's staking security isn't reliant on the value of the LDO token, whatever its centralization extent, so your point there is moot. Node operators in Lido don't have any less incentive to behave honestly if LDO sinks, whereas in Rocketpool incentive for good behavior is completely reliant on RPL value. Otherwise, all existing DAOs whose members aren't required to be active users of the product are practically scams in my book, including AAVE and RPL. It's ironic seeing you call out LDO (given the RPL initial allocation and distribution), but I didn't expect otherwise. Rocketpool defenders had started giving sad echoes a good while back.

Valdorff

Lido, Coinbase, and Kraken are all entirely based on trusted Node Operators. This trust allows the Node Operators to operate at infinite leverage (ie, they get any amount of ETH and put none in themselves). It's quite easy to get good ROI when I equals zero. Fwiw, even with that advantage, Lido _still_ needed VC funding as can be seen in some of their large holders https://etherscan.io/token/0x5a98fcbea516cf06857215779fd812ca3bef1b32#balances. Some of these holders have more LDO individually than votes in total for most governance actions. I'm unconvinced that having a VC-dominated token and trusted NOs is better than having a token that serves to bring future value into the present for the DAOs use (this is essentially the point of RPL).

tambaybtc

Avalanche (AVAX) - Market Value: $3.26 billion - Token Unlocking Amount: $87.59 million (2.70% of M.Value) - Unlock Date: 21 September 2023, 14:00 ------------------------ Algorand (ALGO) - Market Value: $746.13 million - Token Unlocking Amount: $3.17 million (0.43% of M.Value) - Unlock Date: 22 September 2023, 09:00 ------------------------ Lido DAO (LDO) - Market Value: $1.35 billion - Token Unlocking Amount: $11.98 million (0.89% of Market Cap) - Unlock Date: 18 September 2023, 03:00

coinfeeds-bot

tldr; The article discusses the recent developments in the crypto market, including investors exiting LidoDAO and ApeCoin to explore a new crypto project called Domini.art. It mentions that LidoDAO's code was found to have vulnerabilities, causing a dip in LDO prices. ApeCoin also experienced a drop in prices due to negative crypto sentiment. Domini.art is described as an art marketplace that aims to democratize access to blue-chip art through fractionalization. The platform offers personalized investment recommendations and privileges for DOMI token holders. The article concludes by mentioning that Domini.art is currently in the beta stage of its presale. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

kryptoNoob69420

- LDO drops following contract exploit - APE drops despite voting - Investors turning to Domini.art It's nothing but a paid shill for Domini...

coinfeeds-bot

tldr; Lido Finance, an Ethereum staking protocol, has reassured users that their LDO and stETH tokens remain safe despite a known security flaw in LDO's token contract. The flaw allows bad actors to execute "fake deposit" attacks on exchanges, but Lido argues that this behavior is expected and conforms to the ERC-20 token standard. SlowMist, a blockchain security firm, reported the flaw but did not provide on-chain evidence of any exploits. Lido plans to update its token integration guides to address the security flaw. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

coinfeeds-bot

tldr; Cryptocurrency security company SlowMist has detected a security flaw in the Lido DAO (LDO) token contract. Hackers have been able to exploit this flaw to carry out fraudulent deposit attacks on exchanges. The LDO token contract does not follow the ERC20 standard, allowing malicious users to transfer more tokens than they actually have. Exchanges are advised to check the return values of the token contract, conduct code audits, and perform regular security checks to prevent such attacks. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

tambaybtc

According to SlowMist, the LDO token contract does not follow the ERC20 standard, which states that a transfer transaction must bounce if the sender does not have sufficient funds. Instead, it simply returns “false” as a result, without triggering a transaction reversal on the LDO token contract.

resornihgp

We still have people who get lucky but truely to be on the safer side of history better to put in the work in the bear market. I have tried to narrow my nitch to Defi and have accumulated several gems. NXRA, LDO, and $RDNT are some I am highly bullish on.

observerishh

You can look at SUI, Aptos (from last year though), BASE (new atm but its tvl was good recently with a new protocol). I am also going to look at OP and ARB for the next run (they are older, I know) and maybe LDO.

you_cant_see_me2050

Totally feel you on that, OP! Chasing that quick bag can be a major trap for all the newbie investors out there. crypto is totally a long-term investment, you know? Don't even bother expecting to flex that cash real quick. I lowkey feel like it's hella crucial to have, like, a totally balanced perspective on the whole crypto scene. There's, like, so much potential for growth, but, like, there are also risks involved. it's hella crucial to stay woke about the risks and flex on managing them like a boss. Hop on the hype train with the sickest trends like AI (Ocean, FLD), LSDs (LDO, RPL), and RWAs (CFG) and don't be greedy :)

you_cant_see_me2050

Yeah, I've noticed that too. I think a lot of people are just waiting on the sidelines for the market to make a move. There's a lot of uncertainty right now, so I think people are just being cautious. The overall market sentiment is still pretty bearish, and there are a lot of headwinds facing the crypto industry right now, like regulation and rising interest rates. But I also think there are a lot of people who(including me) are still accumulating crypto like BTC, ETH, LTC, MATIC, etc, so I think it's just a matter of time before the market starts to move again. Also, if you want your crypto bags move then go with the hot narratives like Liquid Staking(LDO), RWAs(CFG) & AI(NumerAI, FluidAI), etc.

coinfeeds-bot

tldr; This week, the market is preparing for over $120 million worth of token unlocks. Avalanche (AVAX) is set to unlock 9.54 million tokens, potentially adding a selling pressure of $100 million. Other significant token unlocks include Space ID (ID), Yield Guild Games (YGG), and Lido DAO (LDO). The last token unlock for AVAX in May caused a 30% drop in price, but it quickly bounced back. The impact of these token unlocks on the market remains to be seen. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Try our free crypto chatbot at https://chat.coinfeeds.io*

tanyhunter

Lol why is everybody talking only about large caps. I rather buy ETH over other large caps, not worth the risk reward ratio. For me is mainly solid defi alts, LDO, ARB, FXS, RDNT. AKT and IMX for fun bets.

CreepToeCurrentSea

*tldr: Liquid staking protocol Lido (LDO), the Avalanche Blockchain native token (AVAX), and the token behind the Yield Guild Games DAO (YGG) are all scheduled to implement token unlocks this week, increasing the supply of the tokens available in the market.* *Token unlocks are staggered releases of coins previously frozen to prevent early investors or project team members from liquidating their holdings in large numbers.*

caixabancyc

I can say the same considering I was able to get a good entry into some of the alts on my watchlist which include SPOOL, PENDLE and LDO.

coinfeeds-bot

tldr; A wallet believed to belong to Amber Group, a digital asset investment firm, has increased its holdings in three altcoins following a price crash. The wallet purchased 2,096 million Lido DAO (LDO) tokens, 1,000 Maker (MKR) tokens, and 1.5 million Blur (BLUR) tokens from various exchanges. The total cost of these acquisitions was $4.85 million. However, the company's investment in BLUR tokens has resulted in a significant loss, with the tokens losing over half of their value since March 2023. As of August 19, 2023, the BLUR tokens are worth only $5.89 million, resulting in an unrealized loss of $6.47 million, or 52.3%. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Try our free crypto chatbot at https://chat.coinfeeds.io*

Fuglypump

>Lido DAO (LDO) > >Maker (MKR) > >Blur (BLUR)

burgerissues

ETH alts like LDO, APE, PENDLE etc.

coinfeeds-bot

tldr; More than 10,000 new stakers joined Lido (LDO) in July, according to the latest report from the liquid staking protocol, indicating its continued adoption and growth despite the current market situation. In July, Lido’s TVL briefly exceeded $15 billion for the first time since May 2022 but fell below the benchmark due to Ethereum’s (ETH) […] The post Lido adoption surges with 10,000 new stakers despite Ethereum’s price struggles appeared first on CryptoSlate. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR. Try our free crypto chatbot at https://chat.coinfeeds.io*

fraylovze

I DCAed into differernt LSDFi projects while some have been good, others are still yet to come up. PENDLE, ANDKR, LDO and SPOOl are some of them.

djmoblei

The guy’s response was not vague at all, remittance. The hint I can share is that 99% of the tokens listed are not “currencies” and they are not intended to be used as a mean of exchange to pay for bills. Most of them are either L1 native tokens (ETH) or protocols governance tokens (LDO). The incentives, the factors that drive the demand for executing code on chain have nothing to do with a government issued currency.

gisnirhk

With institutions coming into the space tell me what is going to stop the coming bull run. There is nothing. It suffices to know the right project to buy into. I have some LSD projects like LDO, LBR, and ANKR and I think they are going to be massive. SPOOL is another one to keep an eye on.

caixabancyc

The tokenomics is flawed and rather than buy WLD I would rather opt for other low cap assets with better tokenomics a few that come to mind include ANKR, SPOOL and LDO.

Umarzy

Altcoin investing is risky. Getting winners from them comes down to doing good research & having strong convictions. I made some gains, and there are losses too. Checking the tokenomics, team, use case, inflation, funding, etc is key. To be safe, you're better off buying into the top projects (like how MATIC performed well for you) and maybe taking a riskier bet in low caps. Trending narratives at a point in time are factors I also check before I decide if it's something I would consider buying into. There was AI where OCEAN & FET performed well, liquid staking- LDO & RPL, GambleFi- RLB, Telegram bots- UNIBOT. Dex aggregators are also gaining traction- FLuidAI & Symbiosis would likely have an epic run as well, especially now that interest has been shifting considerably to DeFi due to the news around SEC. Lastly, don't buy meme coins. Invest in utility.

coinfeeds-bot

tldr; Liquid staking has become the largest sub-sector in decentralized finance (DeFi), with a growth of over 131% since the beginning of the year. Liquid staking allows users to stake tokens and earn yields while still retaining liquidity through a liquid staking token (LST). It has surpassed decentralized exchanges (DEXes) to become the leading DeFi sub-sector, with a market share of 24%. Lido DAO (LDO) holds a dominant market share of 75.4% in the liquid staking market. This growth in liquid staking has impacted the market shares of DEXes and other DeFi categories. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Jcook_14

One with a litany of tokens. An example would be a token that is redeemable for a certain ratio of tokens like LINK, UNI, SUSHI, ARB, OP, AAVE, LDO and so on. A decentralized weighted Index of Ethereum tokens would be really cool, and would take a lot of effort off of me to try and keep a position in each token, when I am not a primary user of Ethereum network or L2’s.

coinfeeds-bot

tldr; One savvy crypto trader netted a 40% profit in just 30 days! Learn from his smart moves in major DeFi projects including UNI, LDO, and AAVE. One savvy crypto trader netted a 40% profit in just 30 days! Learn from his smart moves in major DeFi projects including UNI, LDO, and AAVE. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

ThiccMangoMon

The first couple of lines in the article mentions the coins he traded "Using the Ox123d address, the trader spent $942,000 to buy 71,891 UNI at $4.34, 6,371 AAVE at $50, and 189,255 LDO at $1.64 on June 16." Idk if I'd count these coins as shitcoins 🤷‍♂️

BreadnPaper

The top 50 actually has alot of good project some examples are: AAVE, ATOM, AVAX, UNI, LDO, NEAR & MKR. Great use cases, tokenomics are on point, and definitely building during the bear market.

gisnirhk

Are you fading LSD for real? I can't even find LDO or ANKR. Well, don't underestimate the narrative. Also, ORE, NXRA, and CTSI are some other big bets I think will be massive in the coming bull.

gisnirhk

Most of the gems you mentioned are foreign to me. In a full bull market what they are building will become visible and it will speaak for them. For now, I will still keep stacking LSD projects because they seem to be the strongest narrative with PENDLE and LBR performing well in the past few months. SPOOL, ANKR, LDO are some others with high potentials in the coming bull.

FalloutAssasin

Does this mean no more reluctance to stake ETH and LDO explodes?

fraylovze

Lol! Someone said don't get liquidated before the bull. I ain't playing the meme games anymore. I am keeping it real. LDO, LBR, SPOOl, and RDNT are my kind of tokens. Let's see what RBIF turns into in the bull.

coinfeeds-bot

tldr; Bitcoin remains steady at around $30,000, while altcoins experience a drop in value. PEPE, a meme coin, has declined by over 7%. Bitcoin saw increased volatility on Friday, reaching a high of $31,500 before falling to $29,700. However, it quickly bounced back and reclaimed the $30,000 level. Other altcoins such as AVAX, LTC, LDO, SOL, TRX, and others have also dropped by up to 6%. COMP is one of the few altcoins with gains, surging by 10%. The total crypto market cap has decreased by $20 billion and is now at $1.170 trillion. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Grayscale has added the Lido protocol's LDO token to its DeFi Fund, making it the second-heaviest component. The fund now includes Uniswap (UNI) at 45.46%, Lido (LDO) at 19.04%, Aave (AAVE) at 11.53%, MakerDAO (MKR) at 10.82%, Curve DAO Token (CRV) at 7.03%, and Synthetix (SNX) at 6.12%. Grayscale adjusted the fund's portfolio by selling certain amounts of existing components and using the cash proceeds to purchase Lido (LDO). Lido is a decentralized liquid staking protocol. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

LargeSnorlax

Aren't they just weighting this by marketcap? UNI - #20 LDO - #33 AAVE - #41 MKR - #48 CRV - #66 SNX - #67 So yeah, they're just allocating based on their position in the market. Not sure this needed an article...

you_cant_see_me2050

Some people believe that altcoins have the potential to outperform Bitcoin in the long run. Others believe that altcoins are too risky and that it is better to invest in Bitcoin. I usually stick mostly with Bitcoin and Ethereum. And, as per the narrative, I get involved with altcoins, like when I made a decent ROI on the LSD hype, so I added LDO, and then the AI narrative was/still is hot, so I am increasing exposure to Ocean Protocol, RNDR, and some new projects like Fluid AI (developing a hybrid cryptocurrency prediction model powered by machine learning and deep learning). The DeFi circuit breaker and oracle-less lending or borrowing (credit protocol) could be the next hot narrative for the 2024 DeFi summer. Overall, altcoins can be a risky investment, but they also have the potential to be very rewarding.

you_cant_see_me2050

I think it's important to set realistic goals when it comes to investing in cryptocurrency. Don't expect to turn $200 into $1 million overnight. Set small, achievable goals for yourself, and celebrate your successes along the way. This memecoin mania has ruined realistic expectations. It's also important to diversify your portfolio. Don't put all of your eggs in one basket. Invest in a variety of cryptocurrencies to reduce your risk. I think the LSD narrative will remain relevant, so having LDO and ETH will give a better ROI. AI crypto is a new class of cryptocurrencies that use artificial intelligence (AI) to improve their functionality. This sector might give us 5–10x gains, so having ocean, rndr, and low-cap projects like Fluid AI (prediction model, liquidity aggregation) makes sense.

you_cant_see_me2050

I was just getting started in the cryptocurrency space during the bull run, so I was mostly just doing research and learning about the different projects. I did end up buying a small amount of Bitcoin and Ethereum, but I didn't make any major trades. Few of my DeFi degen friends are adding LSD tokens like LDO, while some low-cap hunters are adding Lyra Finance (DeFi options) and Credit Protocol (oracle-free lending and borrowing services). I think AI-related coins might pick up some momentum, so Ocean and Agix are on my list (not bought), and Fluid AI is also looking promising with their prediction model and liquidity aggregation.

coinfeeds-bot

tldr; An Ethereum whale has withdrawn over $90 million worth of ETH from Binance in the span of one month, according to on-chain data. The whale has withdrawn a total of 50,100 ETH, worth $91.2 million, since June 8th. Additionally, another whale has been buying large amounts of ETH, as well as the CurveDAO (CRV) and Lido (LDO) projects. This follows the tracking of a smart whale who made strategic trades in the past, including selling ETH at a local top and withdrawing funds from FTX before it suspended user withdrawals. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Virtual_Knowledge853

LDO

coinfeeds-bot

tldr; A cryptocurrency whale has made significant purchases and withdrawals from the Binance exchange. The whale borrowed 8 million USDC and used 6 million USDC to buy 3,115 ETH. They also withdrew 1.83 million units of CRV and 1,222 ETH. The total value of these withdrawals was approximately $3.76 million. The whale received 64,065 ETH, withdrew 143,533 LDOs, and spent 800 ETH to buy 737,921 LDOs. The LDO price is currently trading at $2.12. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

Probably_notabot

They talking about ETH, CRV, or LDO?

ChillyNarration

Some of my tokens skyrocketed in the last 12m. LDO and DAFI delivered up to 250% of profits and INJ over 400%. QNT also had a nice performance delivering close to 80%. I believe that DeFi is the most promising trend. Lido is advancing into Liquid Staking and Dafi is launching a new hybrid exchange.

coinfeeds-bot

tldr; Jump Trading, a quant trading firm, has been rapidly accumulating several decentralized finance (DeFi) tokens over the last week, including LDO, PERP, and MASK. The move came as Bitcoin prices rose above $31,000, sparking demand in altcoins. Jump Trading's gravitation towards DeFi tokens, based on their accumulation trend, is not yet known, but it could increase demand and support prices since it signals a show of confidence. However, it doesn't guarantee that prices will rally. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

stormingaround10

Fingers crossed. Everything is possible at this point. I am still accumulating some promising altcoins AI (OCEAN & FET), DeFi (LDO, AAVE & DAFI), and oracles (LINK and DIA). These categories are some of my bets for the next bull season. Let's see how it plays out.

TipTechnicali

One of my favorite LSTs is stETH from Lido. I'm also analyzing csMATIC and ankrETH, all on Ethereum. I'm using Diadata's "Ultimate Liquid Staking Map" to track LSTs across several chains. Lido is a significant player in Ethereum since it holds 30% of the market share. I believe that LDO can potentially benefit from Liquid Staking. I need to take a look at the other ones from your list as well.

Crnorukac

It depends on your risk tolerance and investment goals. Try staking for a low-risk, progressive investment. If you prefer a higher-risk investment with faster growth, consider RWA investing. Binance offers greater APY and dependability, therefore I stake ETH, ADA, and BNB there. CAKE offered 20+% APY, however the token price plunged quickly, offsetting my staking earnings. Looking at new protocols like credit protocol, which offers 30% of platform fees and 30% of credit Liquidity Incentive emissions. Use LDO, USDC, etc. to try liquid staking. The best way to choose a method is to investigate and comprehend the risks involved

Crnorukac

From my experience, FOMO can ruin investing. It can cause investors to make risky, impulsive decisions. I realize prices look cheap and it might be profitable to buy, but as you know, crypto projects can have no price ceiling or floor. Buying the dips can be risky, so you should start with blue chips like BTC, ETH, MATIC, and LTC (halving) before looking at new chains like ARB/OP. Buying low isn't the only way to make money in crypto. If you have ETH or LDO, try liquid staking. If you have stables, attempt Binance staking. Vela exchange is airdropping tokens to testnet participants, and credit protocol is airdropping tokens to veXCAL lockers. Just search for new protocols/chains to go live and harvest airdrops while buying btc, eth, etc. at discounted prices.

Baecchus

>Also, why on earth pick XRP, LDO, and RNDR to go with ETH? Because the author is trying to dump his bags, lol

marsangelo

These are the strong narratives at the moment and pumped majorly recently. LDO for the stETH and staking derivatives hype and RNDR is kind of a proxy for the AI narrative that crypto doesnt capture very well

4ucklehead

Sure it could possibly lead to anything but that doesn't mean it will Also, why on earth pick XRP, LDO, and RNDR to go with ETH? Kind of smells like a sponsored post perhaps? Granted LDO is connected to the recently released crvUSD (because you can mint the Curve stablecoin using wstETH) so that's a little bit of positive news

defeatedsincebirth

A major contributing cause to the establishment of native ETH staking yield is most likely the underwhelming performance of DeFi coins over the last two years. Simply said, I don't overthink things. Instead, I look for novel protocols (especially L2), obtain early bird incentives, and then do it all again. To make eth and LSD, I utilise a rocket pool and some LDO. The Credit Protocol (by 3xcalibur) claims that the staking contract is independent from the core protocol and that the proportion of the circulating supply that is staked will influence the emissions rate, thus more staked implies quicker emission. Low caps, however, offer a higher return.

Extra-Letterhead-498

In the past, I was under the impression that by staking in the ETH/stETH pool, I would be receiving a total return of approximately 5.64% – that's 2.5% (half of stETH rebasing) + 2.45% (base vAPR) + 0.69% (LDO tAPR). I reasoned that this would work out well, given that the base vAPR was supposed to come from trading fees. But now, it seems like the trading fees only account for a minuscule 0.0587%. As such, it appears that the 2.45% base vAPR already takes into account the half stETH rebasing. This means the total return is really just 3.11%; you can't double-count the 2.5%. In other words, you can't explain the origin of the base vAPR without factoring in the stETH staking reward.

Extra-Letterhead-498

Current vAPR 3.11% Breakdown Base Curve vAPR 2.45% CRV vAPR (incl 2.49x boost) 0.0018% CVX vAPR 0.00017% Additional rewards vAPR LDO 0.65% Here's the APR data I've gathered from Convex. With a total value locked (TVL) of $493 million, the vAPR stands at 3.11%. It appears to be very similar to the APR seen in Curve's stETH gauge. Yearn stETH gauge: Total deposited, yvCurve-stETH-f 31,929.50 $ 63,430,178.60 Net APY 3.14% It's $63m TVL with 3.14%. None of these are coming close to the \~5% that you'd get from holding 100% stETH. While I admit I struggle to fully comprehend their boost strategy, I'm trying to understand it in the simplest terms: By providing liquidity, you're essentially exchanging 50% of your stETH staking rewards for trading fees. However, when compared to the staking rewards, these trading fees appear almost insignificant.

diomediocre

Generally your APY for the pool (and hence your proportion) will be yearly trading fees/total liquidity. One of the things pushing this ratio down is the fear of stablecoin farming in DeFi and the prevalence of hacks, so many BIG players like market makers and institutions prefer to hold their stables in a safe place, and Curve has stood the test of time in DeFi relative terms. This creates a large amount of liquidity in these pools (see Yearn and AAVE rates to see they really aren't that bad of numbers for the big protocols than compare mid-sized protocols like Stargate's rates, this is the risk premium the market assumes) and lowers yield. There's a few other contributing factors like other DeFi integrations. Many Curve pools are so trusted they're able to be put up as collateral to borrow against. So perhaps protocols are depositing stETH/ETH in Curve, putting that pool into Beefy to turn APY into APR or farming rewards like CRV and LDO in hopes they go higher or their earning exceed opportunity cost, and then putting that into a vault for QiDao on Arbitrum they can then borrow stablecoins like MAI against. Many DeFi protocols are effectively farming as a service like Yearn so if you're only using one protocol, you're gonna get swept and the wealthier DeFi participants spend a lot of time researching the optimal plays and holding them through variable yields. There's also the hidden hand cartel and Convex relative to Curve but that's way above this subreddit's paygrade.

coinfeeds-bot

tldr; Liquid staking platform Lido Finance is looking to add a staking feature to LDO. Stakers would earn between 20% and 50% of the project's DAO's revenue. LDO is the largest DeFi project with a TVL of nearly $12 billion. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

pbjclimbing

> As to how the proposal is being received by token holders, it’s a bit of a mixed bag, ranging from its “a ponzi scheme” to “finally something useful for LDO.” People use the term Ponzi scheme for anything nowadays, regardless if it actually is one.

DiamondsandtheMarina

I have bought some LDO, and am waiting for bitcoin’s next move before buying btc

etj103007

Exactly. Some people think theres some conspiracy with these pools, but in reality the rates come from fees or tokens of these protocols like BAL, AAVE, OP, LDO, etc.

i_reddit_at_reddit

OK guys what coins were hot last cycle but are now going to barely move? I have no definition of cycle exactly, but can see already there are some things that are just hot when things get moving, and others that are barely getting out of bed. I'm slowly moving over to these from the old shit RNDR, CFX, INJ, LDO seem like some movers, though the first 2 more than the last one. Seeing stuff like NEAR which used to be hot just has barely moved. Likewise the obvious one LINK, ATOM, RUNE, ALGO these are spending a lot of time under 200D MA.

coinfeeds-bot

tldr; Lido Finance (LDO) and Rocket Pool (RPL) led weekly market gains with 22.9% and 12.8% price surges, respectively, even amid a widely bearish move from the broader crypto market. Lido Finance has a dominant 36% market share compared to other staking methods like direct staking or via centralized exchanges. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; The total crypto market cap declined by over $40 billion in just a day. Bitcoin fell to its lowest price position in almost two months. The altcoins are in no better shape, with ETH, MATIC, SHIB, DOT, LDO, and many others dumping hard. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

coinfeeds-bot

tldr; Lido Dao recently experienced its largest transaction in two years. Over $135 million worth of LDO was transferred from one self-custody address to another for security reasons. The transfer was made by a large institutional investor, who chose to move the coins from one address to a new one. The move is the eighth largest move of all-time on the LidoDao network. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

plxmtreee

Fair- what do you think about platforms like RPL, SSV, BLOX, maybe even LDO in the same space?

Financial_Clue_2534

Or you can stake that for LDO and curve

majorpickle01

We'll have to disagree about the main purpose being broken, but yes - it's really not something I'm interested in as an investment. Same for most DAOs actually - I've got pots in LDO and RPL, but medium term post shanghai I'll probably exit LDO and will be keeping a close eye on RPL. As soon as more decentralized staking services spin up the token will lose a lot of demand Imo. Especially with LDO's silly 8% inflation it's just not a good investment

Godenincevk

This is one mistake that nearly everyone in the crypto space has made: not taking profits when selling for peanuts out of fear of missing out (FOMOing), but then, as I didn't take profits, I just locked the likes of XRP, LDO, Sylo, Eth, and more in my portfolio or spread them across different DEX protocols.

diomediocre

Long-term rocket pool all the way. It incentivizes nodes smaller than 32 ETH which actually improves decentralization while LIDO's model centralizes ETH and hurts the Nakamoto coefficient. Short-term as ETH's staking requirements are likely to go down sometime after Shanghai I think rocket pool's value capture will decrease unless they race it to the bottom. For token value accrual, they're probably equal with edge going to RPL. LDO as a governance/value capture token doesn't do much.

pojut

There's a twitter account I follow that watches large wallets, and I've seen a few posts from them in the past couple of weeks showing gigantic wallets slowly but steadily accumulating LDO. If it's good enough for whales, it's good enough for me.

Sylerb

LDO isn't a shitcoin to be fair, it's by far the biggest LSD solution for Ethereum node operators.