Lido’s deployment vote gets positive response; how did LDO react

Lido's vote for deploying its second iteration on Ethereum received a positive response. It remains a dominant platform with a high market share and Total Value Locked.

Furthermore, as of this writing, the voting process for the deployment of Lido’s second iteration was yielding favorable results. Thehas been positive, indicating a promising outlook for implementing the upgrade.

The voting period is set to conclude on 14 May, at which point the final results will be determined. Assuming the voting process concludes as scheduled, the deployment of the new iteration is planned to take place on 15 May.daily timeframe chart revealed a positive reaction. On 12 May, the chart displayed a notable surge, with LDO gaining 15.38% in value by the end of the trading session.

This surge represented the highest spike witnessed in nearly two months. Moreover, it reflected a significant boost in market sentiment surrounding the token.However, there has been a slight decline in LDO’s value at the time of writing, with approximately a 1.4% drop. It was trading at around $1.8.As of this writing, Lido’s Total Value Locked stood at approximately $12.1 billion per

. Also, this metric reflected the total amount of assets currently locked on the platform in terms of value., Lido maintained its position as the platform with the highest stakes on the Ethereum network. As of this writing, Lido held a market share of over 30%, signifying its dominance. Notably, Lido was among the platforms that have yet to initiate the withdrawal process.

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