1. Project Overview:
Lido (LDO) is turbocharging Ethereum's adoption, managing over $27.5 billion in staked ETH.
Their staking service acts as a key liquidity sink, with staked ETH outpacing new issuance by 20x.
Recently, LDO dropped 40% due to SEC allegations, mirroring patterns seen with UNI and SOL before major rebounds.
With ETH ETFs likely launching on July 23rd and a growing pro-crypto US landscape, LDO could be set for a massive comeback.