$LDO The Old Brand Shanzhai is Still Impressive 👍
As the largest liquid staking protocol in Ethereum, it also stands out in this bull market, not only for its resilience but also for leading the charge.
Once, LDO was the leader in the entire ecosystem's locked funds, occasionally surpassed by the current AAVE, but it still holds absolute influence in the Ethereum ecosystem.
Recent positive news and future potential can be divided into two aspects:
1. The staking track: BlackRock intends to submit a request to the SEC to incorporate a staking mechanism in its spot Ethereum ETF.
2. The draft of LDO's buyback plan has been formally established, proposing to use 70% of liquid assets for regular LDO buybacks. Voting will take place on Snapshot on August 25.
Although LDO's performance in the first half of the year was somewhat disappointing, under the current dual macro stimuli, LDO has recently shown signs of a turnaround. Whether it can surpass AAVE remains to be seen. Can we seize the opportunity to build a position without missing the bottom?
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