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Lido Finance Weighs Sunsetting Liquid Staking on Polkadot, Kusama

Decentralized finance (DeFi) protocol Lido Finance proposed sunsetting liquid staking on the Polkadot and Kusama ecosystems, according to a proposal posted to Lido’s governance forum on Tuesday.

In the proposal, decentralized finance applications developer firm and Lido partner MixBytes announced it would stop developing and providing technical support to Lido on Polkadot and Kusama liquid staking protocols as of August 1, 2023.

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