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December 18, 2024

Lido Shuts Down Polygon Staking to Focus on Ethereum

The Lido community has reached a significant decision; it voted to discontinue staking services on Polygon. This move aims to address the considerable challenges that have limited adoption and usage on the network. Lido Finance confirmed the termination of Polygon staking services, with a clear focus now on enhancing its offerings for Ethereum. This shift signals a strategic direction for Lido, as the Ethereum network continues to evolve and gain traction among crypto enthusiasts. Stakeholders are eager to see how this will affect the Lido ecosystem’s growth.

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