Posteo

Lido's dump seemed odd to me, so I took a deeper look into what was going on. Here's the likely reason: $LDO is selling off because of concerns around Ethereum's EIP-8361 proposal. The proposal would reduce staking rewards as ETH staking increases. At 50% network staking, issuance rewards would effectively fall to zero. Even today, staking yields could be cut from about 2.6% to 1.2% if fully implemented. That would make liquid staking tokens like stETH less attractive. Lido could see slower TVL growth and lower protocol revenue. The market is pricing in the potential long-term impact.#EarningsRealityCheck #SpaceXBeatEstimates #AMDBeatsButDrops