KSM staking was added to the Lido platform. But that's just one of the reasons why it seems like Lido DAO could be on the rise soon.
KSM holders who choose to stake on Lido will be able to continuously earn staking rewards at an APR of 18% while also being able to use the staked Kusama on various DeFi platforms to earn additional yields.
Since that time, the TVL has recovered to $10.97 billion, despite the fact that the total market cap of the cryptocurrency market has remained flat. The addition of new assets like KSM could be a reason for the rising TVL.Liquid staking makes interacting with DeFi more pragmaticHistory of searches for liquid staking. Source: Google Trends
With liquid staking, investors can benefit from the best of both worlds by staking tokens to help secure the network along with the ability to earn a yield by in DeFi by pledging staked assets as collateral. If Lido continues to add multi-chain assets for staking and liquid staking, it could open the door for further price appreciation from the platform's native LDO token.
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