The Lido Finance team announced through their blog that
The proposal was requested by DAO token (LDO) holders, discussed extensively on the DAO forum, and voted 99% in favor of the proposal.
The decision was made after a community vote that included a large number of proposals, including the suspension of Polygon services and a reevaluation of middleware economics.
According to Lido, Polygon has been struggling with the need for resource-intensive maintenance, insufficient rewards, and the changing landscape of decentralized finance (DeFi), particularly the zkEV.
The move was said to have been plagued by growing concentration on M-Solutions, which would have reduced demand for liquid staking solutions in Polygon PoS.
"This has diminished Lido's potential on the Polygon network," the Lido team said, adding that "alternative liquid staking solutions have emerged that could potentially disrupt Polygon's blockchain."
"It was developed within the n ecosystem, which ended up being smaller than originally anticipated," he added.
During the pre-vote discussion stage, S, who proposed Lido’s Polygon staking service in 2021,
"As the DeFi ecosystem transitions to the zkEVM, Polygon's proof-of-stake (PoS) and liquid staking will provide a powerful new layer of blockchain technology to support the DeFi ecosystem," hard Labs said in a statement.
"As a result, Lido will no longer be accepting staking requests for Polygon after December 16th. However, users will be able to staking requests for Polygon.
can withdraw their staked MATIC on Polygon through the Lido interface until June 16, 2025. All reward payments have also been suspended.
Lido Protocol plans to suspend all withdrawals between January 15th and January 22nd of next year. Front-end support will end until June 16th, after which withdrawals will be possible only through the browser.
This is only possible through TheTool.
2024/12/17 15:57 KST
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