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Lido, a popular Ethereum staking platform, is facing challenges from the "restaking" trend, which threatens to disrupt its dominance in DeFi. To address this, Lido's DAO is partnering with Mellow Finance and Symbiotic to offer restaking tools, allowing users to generate yield by depositing into vaults. This initiative aims to help Lido's stETH regain its prominence. $LDO #LidoStaking #LidoDAO #Lido #mellowprotocol #TopCoinsJune2024 $ETH

Lido, a popular Ethereum staking platform, is facing challenges from the "restaking" trend, which threatens to disrupt its dominance in DeFi.

To address this, Lido's DAO is partnering with Mellow Finance and Symbiotic to offer restaking tools, allowing users to generate yield by depositing into vaults. This initiative aims to help Lido's stETH regain its prominence.

$LDO #LidoStaking #LidoDAO #Lido #mellowprotocol #TopCoinsJune2024 $ETH

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