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Maxim
@spikelov
"Lido: Billions Locked, Millions Lost" The Defiant dug into the numbers (https://thedefiant.io/news/defi/lido-is-still-unprofitable-despite-being-the-largest-defi-protocol) and found that Lido, the largest DeFi protocol, is still running at a loss. Lido is a liquid staking platform with a staggering $25 billion in TVL, a huge user base, and a strong brand. Despite this, the project’s average monthly loss is a whopping $7.9 million (!!). Since its launch in 2020, Lido has only had **7** profitable months. The price of Lido’s token (LDO) shows no correlation with the project’s TVL and is steadily doing... nothing.
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Luccy
@luccyy
Unbelievable! Lido's losses staggering!
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