3 reasons why Lido DAO Token could be on the verge of breaking its downtrend By Cointelegraph



(ETH) and decentralized finance (DeFi) are undergoing a seismic shift as the transition to Eth2 and a proof-of-stake consensus mechanism is helping to increase the value proposition for the network which has historically has been plagued with scaling issues and high transaction costs.

Alongside this transition has been the introduction of liquid staking, which is helping to add utility to DeFi and giving investors the option to do more with their assets than just lock them up indefinitely. Liquid staking could also help investors build more capital efficient portfolios.

LDO/USDT 4-hour chart. Source: TradingView
Total value locked on Lido. Source: Defi Llama.
History of searches for liquid staking. Source: Google (NASDAQ:) Trends