$ETH Доля застейканного ETH падает: какую альтернативу нашли инвесторы?

Доля застейканного ETH снизилась до 27%, откатившись к значениям лета 2024 года. Данное снижение является первым, после того как актив достиг пика в 29% в конце прошлого года.

На момент написания статьи заблокировано порядка 33,5 млн ETH, что остается значительной частью предложения, обеспечивающей безопасность сети. Несмотря на снижение всего на 2% от исторического максимума, это первый откат с момента массового роста спроса к стейкингу, остававшегося устойчивым с мая 2023 года.

Несмотря на общее снижение объемов, сектор ликвидного стейкинга (LSD) продолжает играть ключевую роль в экосистеме Ethereum. Lido остается крупнейшей платформой, контролируя около 69% рынка LSD. Второе место занимает Binance с 15% застейканного ETH, что свидетельствует о высокой концентрации активов среди ключевых игроков.

В январе 2025 года Lido заработал $89 млн, а средний годовой доход протокола равняется сумме в $85 млн.

Почему инвесторы перестают стейкать ETH?

Ethereum остается ключевым активом в инфраструктуре DeFi и NFT, но на рынке растет интерес к альтернативным экосистемам. Это может быть связано с поиском более высокой доходности или освобождением капитала для перераспределения в новые инструменты. Также снижение может свидетельствовать о том, что рынок стейкинга достиг фазы зрелости после ажиотажа, вызванного переходом на Proof-of-Stake.

Хотя 27%-ая доля заблокированных ETH продолжает обеспечивать безопасность экосистеме, концентрация активов среди крупных LSD-протоколов, особенно Lido, вызывает дискуссии о децентрализации. Если тенденция к снижению продолжится, данный показатель может снизиться еще сильнее.
#DeFi #ETH  #ethereum  #Lido #LSD

Lido Finance, a prominent player in the decentralized finance sector, has declared it will cease its staking services on the Polygon network, a strategic pivot aimed at concentrating more heavily on enhancements and expansions within the ethereum ecosystem. This decision, adjudged through a comprehensive community-driven process, underscores the intricate dynamics between blockchain interoperability and specialized service offerings.
Originally introduced to diversify the staking options available to its users, Lido’s involvement with Polygon was seen as a significant step towards broadening its blockchain interactions. However, as reported in a recent announcement on December 16, the venture faced substantial obstacles that stymied its intended growth and adoption on the Polygon platform. The reasons highlighted for this shift involve a detailed evaluation of the network’s performance metrics and user engagement levels which have not met the strategic expectations set by Lido.
Polygon, known for its prowess in providing scalability solutions to Ethereum-compatible blockchains, seemed a fitting choice for Lido’s expansion plans. Yet, the realities of implementing and maintaining a staking service apparently presented a different set of challenges, leading to underwhelming participation rates. The decision to discontinue the service was not made lightly; it involved an extensive consultation process within the Lido’s decentralized autonomous organization (DAO), reflecting the project’s commitment to a community-centric decision-making process.
The resolution signals a refocused effort on Lido’s part to bolster its offerings on Ethereum. This move is strategic given Ethereum’s recent transition to a proof-of-stake consensus mechanism, which has significantly heightened the relevance and potential profitability of staking services. Ethereum, being the leading platform for decentralized applications, presents a more substantial market opportunity for staking, considering the vast amount of Ether tokens that could be locked up in staking contracts.
Financial implications of this strategic withdrawal are yet to be fully disclosed, but Lido has assured its stakeholders of a streamlined transition that prioritizes minimal disruption. For users currently engaged in staking on Polygon through Lido, the organization has outlined a clear roadmap towards either reclaiming their staked tokens or transferring them into other financial products that Lido offers.
This pivot back to Ethereum not only emphasizes Lido’s agile response to market dynamics and community feedback but also aligns with broader industry trends where Ethereum continues to dominate strategic priorities for a majority of decentralized finance ventures. Market experts opine that focusing on Ethereum could leverage higher network effects and enhance stakeholder value in light of Ethereum’s substantial market cap and liquidity pools.
Furthermore, Lido’s decision resonates within the DeFi sector as an example of adaptive management and strategic reallocation of resources—principles crucial for survival and growth within the rapidly evolving blockchain technology landscape. Reacting proactively to underperformance and refocusing on core competencies and markets is a lesson to similar platforms navigating the complexities of multi-chain strategies.
Lido’s move might also ignite discussions among DeFi protocols about the risks and rewards associated with expanding across different blockchains compared to consolidating resources on more established networks. As the blockchain space continues to mature, the strategies deployed by leading players such as Lido will likely serve as a barometer for the industry’s directional shifts and alignment of technological initiatives with user-centric solutions.
In closing, Lido’s strategy shift opens up renewed debates on the strategic deployments in the DeFi sector and the continual evaluation of blockchain technology’s promise versus its real-world application and adoption challenges.

#Lido #LidoDAO

Lido Shuts Down Polygon Staking
Lido Finance has announced it will be effectively discontinuing its staking service on Polygon. According to a Dec. 16 blogpost, the decision was reached after an extensive decentralized autonomous organization (DAO) forum discussion and a community vote with the majority of Lido token holders voting to end Lido operations on Polygon.
As part of the process, stMATIC holders will immediately stop receiving network rewards and users can unstake their MATIC through the Lido on Polygon frontend until June 16, 2025. After June 16, 2025, withdrawals will remain possible but only through explorer tools.
Shard Labs made the initial idea for Lido (LDO) on Polygon in 2021. Although, it began with high expectations, Lido on Polygon experienced significant challenges with limited user adoption, inadequate rewards, resource-intensive maintenance needs, and changing ecosystem dynamics.
The changing nature of decentralized finance (defi) activity has been a major obstacle, especially with the growing emphasis on zkEVM solutions. Lido’s potential as a fundamental defi building element on Polygon has been impacted by this shift which has decreased demand for liquid staking solutions on Polygon.
These series of events along with the recent governance decisions by LDO token holders’ to strategically concentrate on Ethereum has contributed to Lido’s shutdown on Polygon.

#binance #wendy #lido $BTC $LDO