Incoming lending wars? Lido unveils security-first protocol for $54B on-chain credit market
Photo: AMBCrypto
Lido, an Ethereum-based staking giant, plans to expand into on-chain lending with an institutional and security-focused offering. In an X post, the team announced that the product, Lido Lend, will go live this quarter. As it stands, there are no specific timelines though. Lido Lend will be a modified version of decentralized lending platform Morpho Blue, but heavily skewed towards minimizing security risk and focused on professionals and institutions. The project team noted that the move will be a ‘flywheel’ to its staking ecosystem. Lido Lend complements the stETH flywheel and Lido Earn.
Source: AMBCrypto
