【Market Update】Ethereum staking giant Lido has announced its entry into the on-chain lending market with Lido Lend, a new product focused on security.
The Lido team announced on X that Lido Lend is planned to launch this quarter, though no specific date has been set. The product is based on a modified version of Morpho Blue and is aimed at professional investors and institutions. It will only accept well-known, highly liquid collateral assets such as $stETH and $WETH to reduce the risk of theft.
The on-chain credit market is worth approximately $54 billion, with Aave accounting for around 68% of active lending. The recent theft of approximately $292 million from KelpDAO left leading protocols facing massive bad debt, and Lido is now seeking to enter the sector by emphasizing “security.”
(Source: AMBCrypto)
⚠️Risk Warning: The above is shared for informational purposes only and does not constitute investment advice. Investing involves risk; please exercise caution.
#DeFi #Lido
The Lido team announced on X that Lido Lend is planned to launch this quarter, though no specific date has been set. The product is based on a modified version of Morpho Blue and is aimed at professional investors and institutions. It will only accept well-known, highly liquid collateral assets such as $stETH and $WETH to reduce the risk of theft.
The on-chain credit market is worth approximately $54 billion, with Aave accounting for around 68% of active lending. The recent theft of approximately $292 million from KelpDAO left leading protocols facing massive bad debt, and Lido is now seeking to enter the sector by emphasizing “security.”
(Source: AMBCrypto)
⚠️Risk Warning: The above is shared for informational purposes only and does not constitute investment advice. Investing involves risk; please exercise caution.
#DeFi #Lido