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Lido Finance Officially Expands To Kyber Network

Share on X icon · Published há 3 anos on October 10, 2022 · Hassan Maishera

The Kyber Network team announced via Twitter on Monday that Lido Finance has officially expanded to Layer-2 and Kyber Network.

Lido Finance Officially Expands To Kyber Network

The Kyber Network team announced via Twitter on Monday that Lido Finance has officially expanded to Layer-2 and Kyber Network. Lido Finance is a staking platform for Ethereum, Solana, Polkadot, Polygon and Kusama. 

Following this latest development, Kyber Network users can now deposit and stake several tokens, including WETH, wstETH and USDC to earn LDO and KNC. 

Kyber Network is an on-chain liquidity protocol that aggregates liquidity reserves to allow instant and secure token exchange in multiple decentralized applications (dApps). KNC, the native token of the Kyber Network, is up by less than 1% in the last 24 hours and currently trades at $1.133.

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Hassan Maishera
Hassan Maishera Senior Reporter

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.

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