After 4 years in operation, Lido is yet to become profitable. Even with $34B in TVL and dominating 28% of the entire ETH staking market share. In 2024, Lido expenditures accounted for $97.6M while revenue "just" $92.1M To cut costs, Lido stopped SOL staking business a year
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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