Lido

(andreas kretschmer/Unsplash)
The Protocol: Lido Backers vs EigenLayer
In this week's issue, we've got the scoop on a new possible rival to restaking pioneer EigenLayer. PLUS Are meme coins an investable asset class? With the latest Runes data an...
(andreas kretschmer/Unsplash)

Internal documents obtained by CoinDesk describe the setup of the new project. (Symbiotic)
Lido Co-Founders, Paradigm Secretly Back EigenLayer Competitor as DeFi Battle Lines Form
The popularity of new blockchain "restaking" protocols led by EigenLayer has drawn a response from the principals behind the liquid staking platform Lido, which itself burst o...
Internal documents obtained by CoinDesk describe the setup of the new project. (Symbiotic)

Recycling (Pawel Czerwinski/Unsplash)
What Is Restaking? What Is Liquid Restaking? What Is EigenLayer?
EigenLayer and similar "restaking" protocols are currently the buzziest investment in blockchain, but the technology isn't without risks.
Recycling (Pawel Czerwinski/Unsplash)

CoinDesk Indicies)
Ether Rallies to $3.6K as Bitcoin Holds Steady at $71K
Liquid staking tokens like Lido, Rocket Pool, and ether.fi follow ether's gains.
CoinDesk Indicies)

Ethereum (ethereum.org)
Ethereum Foundation Researchers' Proposal to Slow ETH Issuance Draws Pushback
The proposal, introduced in February, could harden Ethereum's native cryptocurrency, ether (ETH), as a form of money – by reducing the inflation of new supply. But some member...
Ethereum (ethereum.org)

Fidelity Investments sign on a building
Fidelity Adds Staking to Ether ETF Application, Sending LIDO Up 9%
The asset manager filed to launch an ethereum fund in November.
Fidelity Investments sign on a building

From left to right: Lamine Brahimi, Co-Founder and Managing Partner; Dr. Jean-Philippe Aumasson, Co-Founder and CSO; Oren-Olivier Puder, Co-Founder and Chairman; Sébastien Dessimoz,  Co-Founder and Managing Partner (Taurus)
Crypto Custodian Taurus Enlists Lido to Bring Liquid Ethereum Staking to Swiss Banks
Taurus, which counts Deutsche Bank and Santander as partners, expects European jurisdictions to follow Switzerland’s example.
From left to right: Lamine Brahimi, Co-Founder and Managing Partner; Dr. Jean-Philippe Aumasson, Co-Founder and CSO; Oren-Olivier Puder, Co-Founder and Chairman; Sébastien Dessimoz,  Co-Founder and Managing Partner (Taurus)

"Validators are single-engine planes. If a validator goes down, it's offline," said Brett Li, head of growth at Obol Labs. (Daniel Eledut/Unsplash, modified by CoinDesk)
Lido Tests of 'Distributed Validator Technology' Portend 2024 Decentralization Push
A big selling point of blockchain networks is that they are "decentralized." But just a few validators, including those run by Lido, have gradually amassed a lion's share of t...
"Validators are single-engine planes. If a validator goes down, it's offline," said Brett Li, head of growth at Obol Labs. (Daniel Eledut/Unsplash, modified by CoinDesk)

Lido's boosters say it has helped keep Etheruem staking from falling into the hands of a few large actors. (Image by Mason Webb)
Lido DAO Democratized ETH Staking, Then Dominated It
Lido has become a victim of its own success, attracting criticism as its share of staked ether has grown to nearly one-third. That's why it's one of CoinDesk's Most Influentia...
Lido's boosters say it has helped keep Etheruem staking from falling into the hands of a few large actors. (Image by Mason Webb)

LDO price (CoinDesk)
Coinbase, Ether Liquid Staking Tokens Lido, RocketPool Surge on BlackRock ETH ETF News
The iShares Ethereum Trust was registered as a corporate entity in the state of Delaware earlier Thursday.
LDO price (CoinDesk)