Lido underperforms with $LDO down 4%, even as market cap sits near $244M.
Northstake and Balance launch SVM-powered Lido’s V3 stVaults.
Balance will provide North American institutions access to staking with stETH/wstETH liquidity.
Lido token’s price has underperformed compared to other cryptocurrencies and altcoins in the market. The $LDO token is down by around 5% from its $0.3054 high despite achieving a major milestone today as Northstake and Balance announced a strategic integration to bring Lido V3 stVaults to North American institutional investors. With a market cap of $244.65 million and a 24-hour trading volume of $38.6 million, Lido shows its promise as a growing blockchain.
The Evolution of Modular Staking with stVaults
The announcement laid the foundation for this week’s development, which is the launch of the Staking Vault Manager (SVM) by Northstake. For the first time, North American custodians and regulated entities like Balance Trust Company can
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