US EditionLido's $10M Gamble: Can A Grant Revive DeFi Market Dominance
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Lido's $10M Gamble: Can A Grant Revive DeFi Market Dominance
A dominant participant in the liquid staking market, Lido Finance has lately made news with its $10 million grant program announcement. This large outlay is a deliberate action to strengthen the distributed finance (DeFi) ecosystem and, most importantly, to confirm Lido’s stance on changing market conditions. Can this “gamble” sufficiently bring DeFi back to life and solidify Lido’s market leadership? The Setting Is: Shifting Sands by DeFi Part…
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