Mantle Stakes $66M of Ether on Lido as Part of Treasury Management Strategy

Layer 2 network Mantle has staked 40,000 ether on staking protocol Lido, generating a yield of 4.1% APR and increasing its treasury value to over $3.2 billion, allowing community members to decide on treasury strategies.

coindesk.com

Relevant topic timeline:

9/4/2023

Lido Dominance Prompts Warnings About Liquid Staking Derivatives - Decrypt

Lido Finance, the leading liquid staking solution for Ethereum, is causing concern among community members who believe it is undermining the decentralization of the Ethereum ecosystem, with Lido accounting for 32.7% of all staked ETH and potentially amassing undue influence over the network's governance. Critics warn that this centralization could harm Ethereum's reputation and long-term valuation, and Lido is exploring a "dual governance" model to address these concerns.

9/13/2023

Layer N Raises $5M Led by Thiel's Founders Fund for High Speed Crypto Trading Blockchain

Crypto firm Layer N has raised $5 million in a seed round co-led by Founders Fund and dao5, aiming to build a layer-2 blockchain on top of Ethereum to increase transaction speed and capacity.

9/14/2023

Lido to Bridge stETH to Cosmos Ecosystems, Bringing Millions in Liquidity to DeFi Apps

Lido, an ether staking giant, is collaborating with two Cosmos blockchain projects, Neutron and Axelar, to bridge its staked ether tokens to the Cosmos network, potentially transferring large amounts of liquidity between the two blockchains. This move aims to enhance the accessibility and usability of Lido's tokens on various blockchains within the Cosmos ecosystem.