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3 reasons why Lido DAO Token could be on the verge of breaking its downtrend -Breaking


(ETHEth2 is the beginning of a significant shift in finance and technology. The proof-of stake consensus mechanism, as well as a transition to Eth2, are helping the network to improve its value proposition. This has previously been plagued by scaling issues and high transaction fees.

This transition was accompanied by liquid staking. Liquid staking is adding utility to DeFi, giving investors more options than locking up their assets indefinitely. Investors could benefit from liquid staking to build capital-efficient portfolios.

LDO/USDT 4-hour chart. TradingView
Lido has a total value of $2.5 billion Source: Defi Llama.
Searches for liquid stake. Google Trends (NASDAQ:: Google)