Lido Finance to Shut Down Solana Operations Due to Financial Losses and Low Fees
- Lido Finance shutting down operations on Solana due to unsustainable financials and low fees
- Community vote approved sunsetting Lido on Solana after $484k net loss
- Lido to stop accepting staking requests and start offboarding node operators
- Users need to unstake SOL tokens from Lido by Feb 2023
- Decision difficult but deemed necessary for success of broader Lido ecosystem
