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December 17, 2024

Lido Ends Polygon Staking Service After Major Community Vote

Lido has officially announced the discontinuation of its staking service for the Polygon PoS chain. This decision comes after a resounding 99 of LDO token holders supported the proposal during a recent community vote. Factors influencing this change include low user engagement, inadequate rewards, and a heightened focus on zkEVM solutions within the evolving DeFi landscape. This move indicates a commitment to refining services and prioritizing user experience. Monitoring these shifts will prove essential for investors engaged in DeFi. In summary, Lido’s decision illustrates the dynamic nature of DeFi, reflecting community insights and needs that can foster growth and adaptability.

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