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The rise of restaking caused crypto investors to dump Ethereum staking heavyweight Lido Finance in the first half of 2024, sending LDO sliding into multi-year lows against ETH.
In the past few weeks, LDO investors were re-invigorated by the protocol's potential to upset the EigenLayer ascendancy. But on Friday, LDO holders were dealt a massive blow after the SEC designated its liquid staking token as an unregistered crypto asset security in a lawsuit filed against MetaMask creator Consensys.
LDO may have sharply underperformed ETH on a year-to-date basis, but today, we’re discussing why the fundamental bull case for LDO has never been stronger 👇
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