Relies on Smart contracts to offer users with financial services such as lending and borrowing its recently released version 3 V3 product has been deployed on ethereum and layer 2 networks optimism and arbitium two separate blockchains that allow users to transact on ethereum-based applications faster and more cheaply last year Lido said it Will reward State ether Stith liquidity providers on arbitrum and optimism with a cumulative 150 000 ldo tokens Lido’s governance token to attract users to the service these rewards will now be distributed across Ave following the vote that ended Monday over 99 of all governance participants voted in favor Of the proposal Leto is a staking system for ethereum Solana and other networks it is currently the largest decentralized Finance defy application with a locked value of over 8.48 billion dollars as of Tuesday it allows users to stake their tokens in return for daily rewards and receive a derivative token That represents the actual stake token which users can use on other defy products a key benefit of using Lido is that users can stake any amount of ether and get rewarded as opposed to becoming a validator on the ethereum which requires a minimum of 32 ether worth Over 52 000 a press time before they get any rewards ethereum staking is a way for ether investors to earn a reward by locking up their coins following the merge event last year ethereum’s next major upgrade expect it to occur in March is the Shanghai hard Fork which Will allow participants on the network to unlock either they had staked on the blockchain that has so far been inaccessible foreign Over 99% of all Aave governance participants voted in favor of the proposal.Rewards from staking ether on Lido will now be distributed by Aave on Ethereum, Arbitrum, and Optimism following a recently concluded community vote.Aave relies on smart contracts to offer users with financial services such as lending and borrowing.Its recently released version 3 (v3) product has been deployed on Ethereum and layer 2 networks Optimism and Arbitium – two separate blockchains that allow users to transact on Ethereum-based applications faster and more cheaply.Last year, Lido said it will reward staked ether (stETH) liquidity providers on Arbitrum and Optimism with a cumulative 150,000 LDO tokens, Lido’s governance token, to attract users to the service.These rewards will now be distributed across Aave following the vote that ended Monday.Over 99% of all governance participants voted in favor of the proposal.Lido is a staking system for Ethereum, Solana and other networks.
It is currently the largest decentralized finance (DeFi) application with a locked value of over $8.48 billion as of Tuesday.It allows users to stake their tokens in return for daily rewards and receive a derivative token that represents the actual staked token, which users can use on other DeFi products.
A key benefit of using Lido is that users can stake any amount of ether and get rewarded, as opposed to becoming a validator on the Ethereum which requires a minimum of 32 ether – worth over $52,000 at press time – before they get any rewards.Ethereum staking is a way for ether investors to earn a reward by locking up their coins following the Merge event last year.Ethereum’s next major upgrade, expected to occur in March, is the Shanghai hard fork, which will allow participants on the network to unlock ether they had staked on the blockchain that has so far been inaccessible.https://www.coindesk.com/tech/2023/02/07/defi-lender-aave-to-distribute-lido-staking-rewards-on-arbitrum-and-optimism/ #crypto #bitcoin #ethereum #cryptocurrency #news #blockchain #litecoin #cryptonews #cryptonewstoday #cryptoworld #cryptoworlddaily #aave #aavenews #aavenewstoday #defi #definews #definewstoday #staking #stakingnews #crypto ***NOT FINANCIAL, LEGAL, OR TAX ADVICE! JUST OPINION! I AM NOT AN EXPERT! I DO NOT GUARANTEE A PARTICULAR OUTCOME I HAVE NO INSIDE KNOWLEDGE! YOU NEED TO DO YOUR OWN RESEARCH AND MAKE YOUR OWN DECISIONS! THIS IS JUST ENTERTAINMENT! USE ALTCOIN DAILY AS A STARTING OFF POINT! This information is what was found publicly on the internet.This information could’ve been doctored or misrepresented by the internet.
All information is meant for public awareness and is public domain.
This information is not intended to slander harm or defame any of the actors involved but to show what was said through their social media accounts.Please take this information and do your own research.bitcoin, blockchain, crypto, cryptocurrency, altcoin, investment, ethereum, bitcoin crash, xrp, cardano, ripple source.
