EP13 - Is Lido in trouble?
We review Lido's distressing financial statements for calendar year 2022 and assess the risks associated with the LDO token.
🔻Is Ethereum’s largest liquid staking derivative Lido in trouble? Lido recently released its financial statements for the calendar year 2022, and it’s not positive. The DAO lost $100 million, its treasury dropped 70%, Lido investors and early employees have completed their vesting schedule, and the entire LDO token was pre-mined and pre-sold!
🚀 In this podcast we:
Make the bear case for Lido in 2023
Discuss Lido’s 2022 financial results
Define the failed tokenomics of the LDO token
Review Lido’s pre-sold token schedule
Outline the Lido investors who pump then dumped LDO
📚 Supporting content:
📹Watch the podcast on youtube:
Cover art generated by DALL-E: “An oil painting of Pablo Picasso trying to convince Leonardo da Vinci to invest in a worthless crypto coin”