Lido announced a new upgrade that would improve the user experience for Solana stakers. Despite new upgrades, the number of users on the protocol continued to decline. In an announcement on 21 December, Lido Finance [LDO] stated that it made new upgrades to its technology. Lido updated to V2 on the Solana [SOL] network. However, […]
This new update would remove 100% of all commission nodes from the pool. Along with that, it would improve the state of validators on Lido, as they would receive both their block rewards and staking rewards inThe Lido network would be more secure for users who want to stake their SOL and more profitable for node operators.
This declining APY could be one reason why the number of unique users on the Lido protocol decreased. According to data, the number of unique users on the Lido protocol had fallen by 20.86% in the last 30 days.