![Lido Finance [LDO]: Before you get misled by the price rally, read this](https://i.headtopics.com/images/2022/11/11/cryptoamb/lido-finance-ldo-before-you-get-misled-by-the-pric-lido-finance-ldo-before-you-get-misled-by-the-pric-1591167129042432000.webp)
LidoFinance [LDO]: Before you get misled by the price rally, read this
from the protocol that sought an increment of the 10% APR limit for Oracle report to 17.5%, Lido stated that the increment in APR limit on 9 November had to happen because “the Oracle limit was set before the Merge and hadn’t accounted for potential Execution Layer rewards spikes.”“The 10% yearly threshold had been chosen before the Merge and hadn’t accounted for potential spikes in daily rewards accrued by the protocol.
This sort of disparity in LDO’s price and trading volume in the last 24 hours indicated that there was low conviction in the upward movement of the alt. Therefore, a price reversal or consolidation would follow this until investors’ conviction increases. At the time of writing, the 20 EMA was below the 50 EMA line. Thus, holders were more interested in distributing their assets.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Federal cabinet minister refutes N.S. finance minister's gas tax claims | CBC NewsNova Scotia's representative at the federal cabinet table, Sean Fraser, says the Houston government is free to cut its fuel tax if it chooses and the suggestion Ottawa might retaliate by reducing health and social transfers is simply 'preying on people's vulnerabilities.'
Read more »
Mark Carney's dream of a greener finance industry risks 'existential crisis'One year on, the former Bank of Canada governor’s $130\u002Dtrillion alliance risks falling short of expectations and promises. Read on
Read more »
Social media scams continue despite fraud squad warningsRomance and finance — that’s what gets the heart beating faster.
Read more »
Social media scams continue despite fraud squad warningsRomance and finance — that’s what gets the heart beating faster.
Read more »
N.S. finance minister says he can't cut a provincial tax on fuel because Ottawa objects | CBC NewsEvery litre of gasoline or diesel Nova Scotians pump into their vehicles contributes 15.5 cents to provincial coffers through the motive fuel tax, but Finance Minister Allan MacMaster says cutting into that $260-million pool of money is not in the cards — and he blames the federal government.
Read more »