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Lido’s Aave Success in Jeopardy: What Challenges Lie Ahead?

Lido’s [LDO] Wrapped State ETH [wstETH] was at the top of charts at press time, as per the Ethereum [ETH] market on Aave [AAVE]. Lido‘s wstETH is a type of ERC-20 token that represents a stake in the Ethereum 2.0 deposit contract, allowing users to take part in the Ethereum 2.0 network and earn rewards for staking their tokens.

There has been growing interest in staking ETH through Lido, and this is reflected in the growing Total Value Locked (TVL) on the platform. According to Defi Llama’s data, Lido’s TVL increased from $7.86 billion to $8.07 billion over the last seven days.

However, the growing TVL of Lido could come to a halt due to its declining APR (Annual Percentage Rate), which was supported by Dune Analytics’ chart.

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