Despite the bearish nature of the tweet, brian_armstrong delivered a rumor that might cause migration from centralized staking to LidoFinance
He emphasized that staking is a crucial innovation in the crypto space that allows users to participate directly in running open crypto networks, bringing many positive improvements, including scalability, increased security and reduced carbon footprints.
1/ We're hearing rumors that the SEC would like to get rid of crypto staking in the U.S. for retail customers. I hope that's not the case as I believe it would be a terrible path for the U.S. if that was allowed to happen.The decentralized nature of Lido Finance is what fueled the transition of staked funds from centralized staking providers to decentralized, hence pushing the price of LDO upward. This trend is expected to continue if the demand for decentralized staking prevails..
Brian Armstrong's tweet has shed light on the importance of staking in the crypto space and how it can bring positive improvements. Lido Finance, with its decentralized approach to staking, is poised to reap the benefits of the trend, despite rising competition in the space.With the growing demand for staking and the increasing popularity of decentralized solutions, Lido Finance is expected to continue its upward trajectory in the future.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Market Watch: The Graph Explodes 33%, Lido (LDO) Soars 16%The Graph has taken the main stage today, while LTC tapped $100 earlier.
Read more »
Lido presents plan for Version 2, adding staking withdrawals and moreLido has finalized its designs for the next version of its protocol, which will be ready to support Ethereum staking withdrawals.
Read more »
Lido plans to level up ahead of Ethereum Shanghai hard fork upgradeLiquid staking protocol Lido plans Ethereum staking reward withdrawals and improved staking architecture with Lido V2 upgrade announcement.
Read more »
Frantic search for survivors after massive earthquake rocks Turkey, Syria; Over 5,000 dead: UpdatesThe U.S. Geological Survey said the magnitude 7.8 quake struck early Monday along the Turkish-Syrian border. President Biden vows support. Updates.
Read more »
Death toll from massive Turkey-Syria earthquake passes 5,000The death toll from Monday's devastating earthquake and more than 300 aftershocks in southeastern Turkey and northern Syria topped 5,000 Tuesday, authorities said, as crews raced to try to find survivors in the rubble of thousands of collapsed buildings.
Read more »