A California court has determined that Lido DAO, the decentralized organization overseeing the liquid staking protocol Lido Finance, qualifies as a general partnership. The court dismissed arguments that the DAO is not a legal entity, as reported by Decrypt based on court filings.
At Ethereum Singapore 2024, ETH co-founder Vitalik Buterin urged for more individual staking, highlighting its importance for the security and decentralization of the network. He noted that independent and diverse stakeholders can counterbalance centralized entities and reduce their control.
Ethereum staking service Lido is planning partnerships with restaking platforms Mellow Finance and Symbiotic.
The blockchain gambling project ZKasino has transferred 10,515 ETH ($33 million) of user funds to the Lido staking protocol, despite initially promising to return them to their owners.
Frax Finance, renowned for its liquid staking and stablecoin FRAX, has launched its L2 network, Fraxtal.
In the ongoing SEC vs Binance case, Federal Judge Amy Berman Jackson is seeking the commission's arguments to determine if digital assets should be classified as securities. Binance is set to engage in discussions, especially concerning staking and the definition of securities' 'duration'.
The Connect Token (WCT) serves as the native token of the WalletConnect Network, aimed at securing and upholding the network's decentralization. WCT will be utilized for payments, rewards, staking, and governance voting.
DARE 2024 expands on the previous DARE 2020 Act, covering a wider range of digital asset activities, including advisory and management services, crypto derivatives, and staking.
Following Fidelity's lead, Grayscale Investments has introduced the capability to utilize the ETH in its trust for staking, as part of its application to register a spot Ethereum ETF.
The account of the Rocket Pool liquid staking protocol on X fell victim to a cyber attack. As of press time, the project team is still struggling to regain control of their account.
The Proof of Stake Alliance (POSA), a non-profit that counts Ava Labs, Lido Protocol, Polychain among its members, has released new guidelines for staking providers.
