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Lido Finance Achieves Profitability as LDO Token Surges by 82% in 30 Days

Summary by Deythere

Lido Finance, a decentralized protocol introducing the concept of liquid staking, has reached a significant milestone in its fourth year of operation. For the first time, the platform has reported a net profit of $5 million, with $99 million in revenue and $94 million in costs for 2024. This marks the first profitable period in Lido’s history, as reported by crypto advisory firm Steakhouse Financial. Ethereum Price Drives Profitability According…

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Deythere

Lido Finance Achieves Profitability as LDO Token Surges by 82% in 30 Days

2 months ago

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unchainedcrypto.com

Lido Finance Turns Four Years Old, on Track to First Profitable Year

Lido Finance, the decentralized protocol that introduced liquid staking, turned four years old on Tuesday and is currently on pace to generate a yearly profit for the first time since its inception. Lido’s net revenue stands at over $99 million in 2024, while its cost and expenses total roughly $94 million, making the protocol’s income $5 million, according to data from a Dune Analytics dashboard curated by crypto advisory and consulting firm S…

2 months ago

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