Liquid Staking Solution Lido Winds Down Solana Staking Following Community Vote

According to Lido’s community voting on Snapshot, 65 million of the Lido (LDO) holders voted in favor of sunsetting the Solana blockchain. Only 5.1 million said yes to providing funding for the protocol to sustain Lido on Solana.

The complete ceasing of the Solana operations will tentatively end by February 2024, the snapshot post revealed.

“Similar to the sunset of Lido on Kusama and Lido on Polkadot, a 100k DAI budget would be allocated to cover the sunset costs,” the platform said.#BinanceSquare