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    Sonal Shridhar Shinde in Crypto News

    02-Jan-2023 11:48 AM


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    Lido overtakes MakerDAO and now has the highest TVL in DeFi

    Liquid staking protocol Lido Finance appears to have benefited most from the Ethereum merge in September, with its total value locked (TVL) now sitting at the top position among other decentralized finance (DeFi) protocols.
    According to data from DefiLlama, Lido’s liquid staking protocol now commands $5.9 billion in TVL, compared to MakerDAO’s $5.89 billion and AAVE’s $3.7 billion.
    Lido now has the highest TVL of any DeFi protocol.
    Lido’s model allows users access to liquid Ether staking without committing to the traditional 32 ETH minimum.
    Source: Cointelegraph
    #Lido #MakerDAO