Lido Finance, one of the leading DeFi protocols, will not support Terra’s new network.
DeFi protocol Lido Finance DAO voted not to support the new Terra chain, despite possible incentives to migrate to the new chain. The DAO rejected the proposal 95% of the time. The LDO used in the voting was 54 million.
Lido is a liquid staking protocol that provides more liquidity to stakers. Terra was the second largest platform after Ethereum with $10 billion.
