The new protocol will function partly off-chain and draws inspiration from traditional banking models. Although it has sparked excitement within the ecosystem, there are also concerns about whether it might be considered an unlicensed lending product.
The new protocol will function partly off-chain and draws inspiration from traditional banking models. Although it has sparked excitement within the ecosystem, there are also concerns about whether it might be considered an unlicensed lending product.
Five months after ending its Solana staking service, Lido faces a new hurdle: a suspected bug in the withdrawal mechanism is hindering users' ability to withdraw their stSOL funds.
Vitalik Buterin wants to reduce the centralization risks associated with large staking operators like Lido. The new framework proposes a two-tiered model, distinguishing between Service Operators and Delegators, and between heavy and light services.
The decentralized stablecoin project MakerDAO saw another shake last weekend, this time caused by the bullish outlook on the crypto market. It prompted an emergency intervention by the project’s guardians and put the project in hibernated mode right before the launch of its Endgame
Concerns regarding outdated calculations, treasury limitations, and potential harm to the protocol's stability have led to skepticism from Lido's advisors.
Frax announced a proposal to distribute protocol revenues to stakers, inspired by Uniswap's recent strategy, to incentivize long-term commitment within the Frax ecosystem and strengthen decentralized governance, with a formal plan expected in 10 days.
