Lido is getting into lending itself. At 11 p.m. last night, its official forum unveiled Lido Lend, built on a modified version of Morpho Blue. It will only support blue-chip assets, with a focus on stETH looping. The launch is planned for this quarter, pending a DAO vote.
$LDO climbed from 0.422 last night to 0.47 this morning. The broader market is down, but it’s up more than 10%.
With $25 billion worth of stETH taking on leverage itself, the logic makes sense to me. But the audits aren’t even out yet, so this rally is all about expectations. Would you move over and start looping? Let’s talk in the comments.
$LDO climbed from 0.422 last night to 0.47 this morning. The broader market is down, but it’s up more than 10%.
With $25 billion worth of stETH taking on leverage itself, the logic makes sense to me. But the audits aren’t even out yet, so this rally is all about expectations. Would you move over and start looping? Let’s talk in the comments.