New Ether Staking Protocol Aims to Capture $1.5 Billion Market, Challenging Lido ($LDO)

A new Ether staking protocol is doubling the rewards of the dominant player, Lido ($LDO), aiming to capture a $1.5 billion slice of the market. Market analysts are closely watching $LDO's price action, with some predicting a significant rally due to its strong market structure and potential to increase its market share beyond 33% with the launch of restaking. Concerns are also raised about the security of Lido, suggesting that a hack could lead to significant repercussions similar to the creation of Ethereum Classic.