Representative of the staking protocol Lido Finance announced that it is winding down its blockchain operations Polygon due to limited user base, changing ecosystem dynamics and a strategic refocus on Ethereum .
It is known that this decision was made after “extensive discussion on the forum DAO » and voting among token holders Lido DAO (LDO), during which 99% of participants supported the proposal.
According to the team, the protocol Lido encountered significant difficulties in Polygon , such as resource-intensive maintenance requirements, insufficient rewards, and a changing “decentralized finance landscape with an increased focus on solutions zkEVM ».
This transition has led to a decrease in demand for staking solutions on Polygon POS, what influenced the potential Lido on Polygon as a basic building block DeFi , the team said. Lido .
As of December 16, requests for staking Lido Finance on the net Polygon are no longer available. However, users can still withdraw their blocked MATICs via the interface Lido on the blockchain until June 16, 2025. All rewards have also been cancelled.
Last year the protocol Lido announced the end of work in the blockchain Solana following a community vote and concerns about the precarious financial situation and low fees.
Now Lido Finance is the largest liquid staking protocol in the market, with a total value locked ( T ) has already exceeded $38 billion.
