Lido DAO’s recent stETH benchmark reset anomaly and the oracle update incident genuinely made the market uneasy.
Yesterday, due to underreporting profits, the APR was temporarily adjusted to 2.29%. Although the team has already completed the fix and the funds have been confirmed safe, this incident still affected some users’ confidence and also triggered early investors to reduce their holdings.
At the moment, the $LDO price is $0.3806, with a 24-hour trading volume of $28.42 million and a market cap of about $318 million. While the issue has been resolved, rebuilding trust takes time, so the price may inevitably face downward pressure in the short term.
What do you think about this Lido mishap? Will it affect your confidence in the liquid staking sector? Feel free to share your thoughts in the comments.
$LDO #LidoDAO #liquid-staking
Yesterday, due to underreporting profits, the APR was temporarily adjusted to 2.29%. Although the team has already completed the fix and the funds have been confirmed safe, this incident still affected some users’ confidence and also triggered early investors to reduce their holdings.
At the moment, the $LDO price is $0.3806, with a 24-hour trading volume of $28.42 million and a market cap of about $318 million. While the issue has been resolved, rebuilding trust takes time, so the price may inevitably face downward pressure in the short term.
What do you think about this Lido mishap? Will it affect your confidence in the liquid staking sector? Feel free to share your thoughts in the comments.
$LDO #LidoDAO #liquid-staking