Ethereum staking protocol Lido disclosed that its total revenue for 2025 was $40.5 million, a 23% year-over-year decline (compared to $52.4 million in 2024), primarily affected by net user redemptions leading to staking capital outflows and compression of network-wide staking yield (APR). Lido also stated that it is evaluating launching an LDO buyback program in Q2 2026, planning to use staking yields generated by the protocol to purchase LDO on the secondary market and deploy them to LDO/wstETH liquidity positions; previously, it had reduced approximately 15% of its workforce in 2025. (The Block)

LDO1.71%
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