Amidst a strategic refocus, Lido announces the discontinuation of its polygon staking services

Leading liquid staking system Lido has announced that its Polygon staking services will be discontinued. Users have been given the deadline of June 16, 2025, to withdraw their coins. Holders of LDO tokens voted on the matter in a governance vote after lengthy community debates.

In 2021, Shard Labs put up a proposal that started the protocol's voyage on Polygon with much anticipation. Nevertheless, this strategic retreat is the result of other obstacles, such as low user engagement, inadequate incentive generation, and resource-intensive maintenance needs.

The demand for liquid staking solutions on Polygon POS has decreased due to the changing DeFi ecosystem, especially the increasing emphasis on zkEVM solutions.


There is a well-organized schedule for the termination procedure. New stakes cannot be accepted via the Lido user interface after December 16, 2024. After that, there will be a six-month transition period when customers may access their money via the Lido on Polygon UI.

The GOOSE and reGOOSE efforts, which highlight a strategic emphasis on Ethereum, are part of Lido's recent governance actions, which are in line with this decision. The protocol had difficulties in establishing itself as a fundamental DeFi building piece inside an ecosystem that was less than expected, as seen by its experience on Polygon.

To ensure a smooth withdrawal process before the June 2025 deadline, users are advised to go over the withdrawal instructions given by Lido. To make sure customers can still access their money when frontend support ends, the protocol has promised to keep the explorer tools' withdrawal capability.

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