ChainCatcher news, reported by The Block, Lido announced on Monday that it will halt staking services on Polygon and inform users that they can withdraw funds until June 16, 2025. The announcement also stated that after June 16, 2025, users will withdraw through browser tools.

The announcement indicated that several factors prompted Lido to reassess and ultimately exit staking services on the Polygon PoS chain, including limited user adoption, insufficient rewards, resource-intensive maintenance requirements, and changes in ecosystem dynamics.