Lido DAO Rebukes LayerZero by Endorsing Rivals Wormhole, Axelar for Crypto Bridge

Date:

Share post:



Lido DAO Rebukes LayerZero by Endorsing Rivals Wormhole, Axelar for Crypto Bridge

“By unilaterally deploying a bridge and marketing it in an official-seeming way, it feels like you are trying to pressure the DAO into accepting your proposal to avoid liquidity fragmentation and bad UX for users,” Hasu, a Lido strategic advisor, said in the Lido DAO forums. “Driving users to it through marketing makes accepting an alternate bridge proposal more painful. These actions put the DAO, Lido stakers, and participating chains in a difficult position.”



Source link

Leave a reply

Please enter your comment!
Please enter your name here

Related articles

Cardano Developer Warns Over AI YouTube Crypto Scam

Cointelegraph is committed to providing independent, high-quality journalism across the crypto, blockchain, AI, and fintech industries.All news,...

The Market’s Compass Crypto Sweet Sixteen Study

Welcome to this week’s publication of the Market’s Compass Crypto Sweet Sixteen Study #259. The Study tracks...

The Anthropic Pre-IPO Challenge: compete for $20,000 USDG on Kraken Pro

TL;DR The Anthropic Pre-IPO Challenge runs September 17...

Payward Wants to Put US-Regulated Perpetual Futures on Hyperliquid

Payward plans to bring US-regulated perpetual futures to Hyperliquid’s on-chain order book. The markets would use Hyperliquid’s...