The Ethereum ecosystem is going through a moment of tension with the staking platformby Lido, one of the largest in the market, suffering from the massive output of users and a 23% drop in its revenue. according to CoinTribune report.
The decline of Lido: what is happening?
Lido Finance, which owns approximately 30% of the totalEth emphaticallyin the Ethereum network, has seen its revenue fade quickly.Rocket Pooland direct staking solutions on the Ethereum network itself, which promise more attractive rates and less centralization.
By June 2024, Lido distributed about 3.5% a year in rewards to its stakers. Now that percentage has fallen to about 2.7%, according to community calculations. This reduction is directly linked to the increase in the supply of stakes.ETHIn the market, which pressures the staking rates, in addition to the fierce competition between platforms.
Exit users and the search for alternatives
The phenomenon is not exclusive to Brazil, but has direct reflections in the local market.500 thousand ETH(equivalent to approximately $2 billion) have left the platform. This migration has been driven by three main factors:lower costs, increased decentralization and regulatory concerns.
In Brazil, where the staking of cryptocurrencies has grown as a form of obtaining passive income, many investors are rethinking their strategies.StakeWiseThe direct strikeLedger or TreasurerThey gain supporters, especially among those seeking to avoid the excessive centralization of the Lido.Reth(receipt of ETH matched from Lido), has lost attractiveness in the face of more transparent options.
Impact on the Staking Market and Ethereum
The Lido crisis does not only affect the platform, but the entire Ethereum ecosystem. Lido is one of the main sources of liquidity for the staking, and its fall can reduce the long-term security of the network.Beacon ChainThe number of independent validators has increased by 15% over the last three months, while Lido’s share has fallen from 32% to 28%.
For the Brazilian market, this means that investors need to be attentive not only to the returns, but also to the risks involved.The Securities Commission (CVM)And the central bank, which has signaled a stricter regulation for decentralized financial services in Brazil.The lack of transparency regarding the custody of assets and operational risks can become a big difference for investors when choosing where to match their ETHs.
What is the future for staking on Ethereum?
The trend is that the strike is becoming more and moreDecentralized and RegulatedProjects likeRocket Pooland Oonly strikeThey gain strength by offering not only better rates, but also greater security and compliance with Brazilian laws.In addition, the Ethereum Foundation has encouraged solutions that allow users to participate in the staking without giving up custody of their assets.
For Brazilian investors, this is a crucial time to assess not only profitability, but also profitability.Sustainability and ComplianceAfter all, in an increasingly regulated market, transparency and security will be competitive differentials.
Meanwhile, Lido faces the challenge of regaining the trust of its users.The company recently announced adjustments in its rates and improvements in governance, but time will tell if these measures will be enough to contain the bloodshed of assets and investors.