LidoDAO Records Overwhelming 92% Votes To Exit The Solana Network
In a recently concluded voting program, it was revealed that over 92% of LidoDAO members (Lido token holders) of the decentralized liquid
Read MoreSolana
Lido Finance Sunsets Solana (SOL) Staking Product After DAO Vote
A proposal floated by P2P Validator, the developers who built the product on Lido in early September, revealed that they took losses of over $480,000 in the past year against the $700,000 spent to build the product. It shared concerns about being unable to achieve objectives in the next year,
Read More
Solana (SOL) Price Primed For 50% Surge: Here’s Why
Renowned crypto analyst Josh Olszewicz recently spotlighted an extremely bullish technical pattern for Solana (SOL) price, suggesting a potential significant uptrend for
Read More
Lido announces phased shutdown of Solana operations
In an Oct. 16 post on the Lido blog, the multi-platform staking solution announced that it had decided that Lido on Solana protocol will be gradually phased out in the months ahead. Starting on the same day as the post, new staking activities will cease. Upcoming operational changes The Peer-to-peer (P2P) team, known
Read More
FTX bankruptcy estate stakes crypto assets in Solana and Ethereum
The FTX bankruptcy estate recently staked approximately $122 million in SOL tokens and around $5 million in ETH. The FTX bankruptcy estate has staked an impressive sum of approximately $122 million in Solana (SOL) tokens. The information came to light when on-chain data indicated that a wallet identified as FTX’s shifted
Read More
Lido on Solana wind down ‘deemed a necessity’ after low fees, says staking firm
Decentralized liquid staking protocol Lido Finance has announced a decision to cease operations on the Solana blockchain following a community vote in Lido’s decentralized autonomous organization.The proposal to sunset Lido on Solana was first put forward by Lido’s peer-to-peer team on Sept. 5, citing unsustainable financials and low fees generated
Read More
Solana Foundation to Provide Technical Support for Dubai DMCC Free Zone as Ecosystem Partner
The DMCC said it onboarded the Solana Foundation as one of its ecosystem partners for technical support and to build a robust ecosystem. The Solana Foundation has joined the Dubai Multi Commodities Centre (DMCC) as an ecosystem partner. The DMCC, a free economic zone in the United Arab Emirates (UAE), will
Read More
Solana becomes ecosystem partner of Dubai free zone
The Solana Foundation has become an ecosystem partner for the Dubai Multi Commodities Centre (DMCC), one of the free economic zones in the United Arab Emirates.According to the announcement from Oct. 15, with its blockchain platform, Solana will provide technical and business development support to any DMCC Crypto Centre member.
Read More
FTX estate stakes 5.5M Solana coins
FTX estate seems to be bullish on Solana’s native token SOL (SOL), as it staked over 5.5 million in SOL coins on Oct. 13. According to on-chain data, an FTX-identified wallet sent the coins to Figment, a staking validator firm for institutional investors. The transaction was detected by blockchain tracker Whale
Read More
FTX Estate Stakes $122 Million Solana (SOL), Quells Fear Of Token Sell-Off
The FTX estate has reportedly staked 5.5 million Solana (SOL), worth $122 million. This development comes amidst fears of the defunct crypto
Read More