Staking Project Lido Finance Surges As Ethereum Merge Looms

The native token behind Lido Finance surged more than 10% over the past 24 hours, jumping from roughly $4.25 to a peak of $4.82, according to data pulled from CoinMarketCap. LDO has since retraced some and is now trading at $4.56, up 6.7% on the day.

The project’s token is a governance token, letting holders vote on proposals and adjust fee parameters within Lido Finance.

Today’s move is only the latest in what has been a very bullish week for LDO; in the last seven days, the token has…


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