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December 18, 2024

Lido DAO Ends Polygon Staking: What You Need to Know

Lido Finance has made a pivotal decision to terminate its Polygon staking services following a recent community vote. This change means that stMATIC rewards will cease immediately, and users have until June 16, 2025, to withdraw their assets via the frontend interface. After this date, withdrawals will only be accessible through explorer tools. This move reflects the evolving strategies within the DeFi space and raises questions about the future of Lido DAO’s engagement with Polygon. Investors and users must stay informed about these changes and their implications on liquidity and staking rewards. This announcement signals a significant shift in Lido’s operational focus, urging stakeholders to adapt quickly to these developments.

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