PANews reported on March 9 that the Lido Finance community launched a new proposal to stop liquidity staking services on Polkadot and Kusama. Lido partner MixBytes stated in the proposal that it will stop developing and providing technical support for Lido on the Polkadot and Kusama liquidity staking protocols starting from August 1, 2023, saying that “this decision was made due to multiple challenges. , including market conditions, agreement growth, etc.”
MixBytes proposes to stop accepting new DOT and KSM for liquidity staking by March 15 and automatically unstake the tokens later in June. MixBytes also stated that it is seeking $20,000 in monthly funding from Lido DAO to support five months of technical maintenance work.
