Cryptocurrency News

Lido DAO price moves higher as the Ethereum Merge moves a step closer to completion

2022.07.12 16:26

Lido DAO price moves higher as the Ethereum Merge moves a step closer to completion
Lido DAO price moves higher as the Ethereum Merge moves a step closer to completion

The upcoming Ethereum (ETH) Merge is one of the most talked about developments in the cryptocurrency ecosystem as the world’s second-largest cryptocurrency by market cap undergoes the difficult transition from proof-of-work (PoW) to proof-of-stake (PoS).

One protocol whose fate is largely tied to the successful completion of the Merge is Lido DAO (LDO), a liquid staking platform that allows users to tap into the value of their assets for use in decentralized finance and earn yield from staking.

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