{"id":16035,"date":"2023-01-02T09:15:00","date_gmt":"2023-01-02T09:15:00","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/lido-now-has-the-highest-tvl-in-defi-after-overtaking-makerdao\/"},"modified":"2023-01-02T09:15:00","modified_gmt":"2023-01-02T09:15:00","slug":"lido-now-has-the-highest-tvl-in-defi-after-overtaking-makerdao","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/lido-now-has-the-highest-tvl-in-defi-after-overtaking-makerdao\/","title":{"rendered":"Lido now has the highest TVL in DeFi after overtaking MakerDAO"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1672648427779-a757adc8-53be-4b95-ae00-87a468898af6-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1672648427779-a757adc8-53be-4b95-ae00-87a468898af6-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1672648427779-a757adc8-53be-4b95-ae00-87a468898af6-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1672648427779-a757adc8-53be-4b95-ae00-87a468898af6-smartcrop-363x181.png\" type=\"image\/jpeg\"\/><\/picture><\/div>\n<ul class=\"decimal_type\">\n<li>Lido has overtaken MakerDAO in TVL in DeFi by $0.05 billion.<\/li>\n<li>At press time, Lido had $5.96b DeFi TVL.<\/li>\n<li>Lido seems to be benefitting from Ethereum\u2019s merge upgrade.<\/li>\n<\/ul>\n<p>At press time, Lido which specializes in liquid staking had a total value staked of $5.96 billion which is $0.05 billion higher than MakerDAO\u2019s TVL of $5.91 billion according to <a href=\"https:\/\/defillama.com\/\">Defillama<\/a>. MakerDao has had the largest DeFi TVL for many years and the overtaking means Lido is gaining ground despite the <a href=\"https:\/\/coinjournal.net\/news\/crypto-winter-may-not-end-anytime-soon\/\">ongoing crypto winter<\/a>.<\/p>\n<p>Besides, the increasing staked digital assets, the <a href=\"https:\/\/coinjournal.net\/lido-dao\/\">price of LDO<\/a>, Lido DAO\u2019s native token, has been on a consistent rise having gained over 18% in the past 7 days. It had surged by 14.67% in the past 24 hours at press time.<\/p>\n<p>The rise of interest in Lido among decentralized finance participants is highly thought to be due to the increased demand for Ether staking solutions since Ethereum shifted to a proof-of-stake (PoS) consensus mechanism after the <a href=\"https:\/\/coinjournal.net\/news\/ethereum-successfully-completes-the-merge-eth-price-analysis\/\">merge upgrade<\/a> in September 2022.<\/p>\n<h2>Digital assets staked on Lido<\/h2>\n<p>According to Lido Finance\u2019s website as of January 2023, Ether (ETH) was the largest staked digital asset with over $5.86 billion worth of staked ETH tokens. Solana follows closely with over $26.087 million worth of staked SOL tokens.<\/p>\n<p>The other notables tokens staked on Lido include Polygon\u2019s MATIC with over $45.093 million worth of staked MATIC tokens, Polkadot\u2019s DOT with over $11.395 million worth of staked DOT tokens, and Kusama\u2019s KSM with over $2.238 million worth of staked KSM tokens.<\/p>\n<h2>No 32 ETH min. needed to stake Ether on Lido<\/h2>\n<p>Lido\u2019s model allows users to access Ethereum staking without having to commit the traditional minimum of 32 ETH to be allowed to stake Ether. This has greatly increased the number of people choosing to stake ETH on Lido compared to other DeFi staking platforms.<\/p>\n<p>According to Lido\u2019s staking model, users stake any amount of tokens including Ether and access daily staking rewards. In addition to the daily staking rewards, the users also receive liquid stTokens that can be used across DeFi to compound more to the daily staked rewards.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/lido-now-has-the-highest-tvl-in-defi-after-overtaking-makerdao\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Lido has overtaken MakerDAO in TVL in DeFi by $0.05 billion. At press time, Lido had $5.96b DeFi TVL. Lido seems to be benefitting from Ethereum\u2019s merge upgrade. At press time, Lido which specializes in liquid staking had a total value staked of [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":16036,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/16035"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=16035"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/16035\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/16036"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=16035"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=16035"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=16035"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}