Solana's Total Value Locked (TVL) took a substantial hit on Tuesday, plummeting by $100 million in just one day. The steep decline follows liquidity s
Solana's Total Value Locked experienced a drop of $100 million in a single day on Tuesday. Lido Finance, a liquid staking provider, announced its intention to discontinue on Solana. Solana's TVL decreased from $313 million to $210 million despite positive price action. taking platform Lido Finance's announcement that it will discontinue its services on the Solana blockchain.
Following the discussion, users of Lido's staking services on Solana will reportedly receive network rewards throughout the discontinuation. stSOL holders can also unstake with Lido having shut down new stakes on Monday. It will begin node off-boarding on November 17 with the front-end support ceasing on February 4, 2024.
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