Lido Finance to stop Solana support while Cardano prices fall, new project unveils staking program
Lido Finance, the liquidity staking platform, has stopped its Solana liquid staking service after voters supported the proposal. At the same time, the price of Cardano has dropped, causing panic among investors. A new project has appeared, offering unique rewards for staking. Everlodge will allow holders of its native token, ELDG, to stake for passive income.
Everlodge unveils staking program
Everlodge is developing a marketplace allowing people to invest in luxury properties like hotels, vacation homes, and villas with little capital.
The Everlodge marketplace merges fractional ownership of vacation homes with non-fungible token (NFT) technology.
This enables users to exchange their NFTs on Everlodge’s marketplace or other marketplaces that offer ERC-721 tokens. Additionally, investors can stake the Everlodge token to earn passive income.
In stage 5 of its presale, ELDG is available for $0.02. However, analysts expect more price gains once Everlodge’s marketplace launches.
Solana surges as Lido Finance staking service
Lido Finance has ceased liquid staking on the Solana network as the platform was not generating enough revenue. This decision was made after a vote by LidoDAO on Oct. 6.
Lido started accepting Solana staking requests on Oct. 16, and stSOL holders can unstake by Feb. 4, 2024, after which they will need to use CLI.
Lido said the decision was difficult but necessary for the stability of their ecosystem.
Despite this, SOL prices are up 8.5% in the weekly chart and 25.8% in the past month.
Will Cardano retest $0.3?
Cardano’s ADA is steady above the $0.24 support level despite the market’s uncertain conditions.
The coin has formed a symmetrical triangle pattern, and experts speculate a 5.5% rally to $0.258 if it stays above the lower trend line.
If the coin breaks out of the triangle, there could be a 15% surge, taking ADA to $0.3.
Find out more about the Everlodge (ELDG) Presale:
Website: https://www.everlodge.io/
Telegram: https://t.me/everlodge
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