Lido Finance to Cease Staking Operations on Solana Due to Financial Concerns, Low Fees



Lido Finance has decided to halt operations on the Solana blockchain after a community vote in its decentralized autonomous organization (DAO). The decision was made due to unsustainable financials and low fees generated by Lido on Solana. Lido will no longer accept staking requests and voluntary node operator off-boarding will begin in November
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