Lido Drop 15% As Institutional ETH Staking Dem Surget
Lido tok say August 4 sey dem go cut 15% of dia workforce make dem fit control cost dem and make sure say dia fit last long. Dis kind job cut come as institutional ETH staking dey grow fast. Data from July 21 show sey more ETH dey wait for unstaking pass new stakes, wit peak gap of 500,000 ETH, while strategic reserves like BitMine and SharpLink don gather like 1.35 million ETH. Institutions dey prefer centralized staking services like Anchorage, Coinbase Custody and offline ETF staking to get clear compliance, liability and insurance cover. On July 30, SEC talk sey some liquid staking derivatives no be securities, dis carry road open for spot ETH staking ETFs like BlackRock and others. For short term, LSD tokens like PRL and SWELL jump pass 18%. For longer time, low fee and professionally managed staking ETFs fit challenge decentralized platforms like Lido. Traders suppose dey watch ETH staking yields, LSD token spreads and ETF launch time dem.
Bullish
Di institutional ETH staking surge dey reduce di circulating supply and e mean say di demand for ETH go stronger for long-term. Di job cuts wey Lido do na sign say cost dey pressure decentralized staking but e still show say dem dey move go compliant, insurance-backed services. Di short-term token rallies for PRL and SWELL show say people get beta feeling about staking ETFs. Over time, professional staking products fit lock up more ETH, tighten di supply and support price gains, even though decentralized platforms dey face more competition.