Wondering how did Solana Lido DAO outperform the market this week? It\'s a surprising story of contrasts and unexpected resilience. While Lido Finance DAO has halted new staking requests on Solana after an October token vote, due to unsustainable finances and low fees, and Solana itself traded in red, down by 8% in 3 days, Lido DAO emerged as one of the best performers of the day with an almost 30% rise. Even as Bitcoin experienced its own market movements, the Lido DAO\'s performance on Solana stood out.
This divergence is particularly interesting considering the context. Decentralized liquid staking giant Lido Finance has decided to discontinue accepting new requests for staking solana (SOL) token following Lido\'s LDO token holders decision. In a recently concluded voting program, it was revealed that over 92% of LidoDAO members (Lido token holders) of the decentralized liquid staking protocol Lido voted in favor of halting new Solana staking.
So, how do we reconcile the cessation of new Solana staking with the impressive price surge of the Lido DAO token? While the exact reasons require deeper analysis of market dynamics, it suggests that investors may be reacting positively to Lido\'s strategic decision to refocus its resources, even if it means halting Solana staking. Further, other factors, such as overall market sentiment towards Lido and specific trading activities, might have impacted the price. Ultimately, understanding how did solana lido dao outperform the market this week requires considering both the challenging circumstances and the potential for future growth after a strategic shift. Keep checking back for updated information.