{"id":411820,"date":"2022-03-03T23:15:00","date_gmt":"2022-03-03T20:15:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/andreessen-horowitz-invests-70m-in-ethereum-staking-protocol-lido\/"},"modified":"2022-03-03T23:15:00","modified_gmt":"2022-03-03T20:15:00","slug":"andreessen-horowitz-invests-70m-in-ethereum-staking-protocol-lido","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/andreessen-horowitz-invests-70m-in-ethereum-staking-protocol-lido\/","title":{"rendered":"# Andreessen Horowitz invests $70M in Ethereum staking protocol Lido"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a303ad9c941b\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a303ad9c941b\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/andreessen-horowitz-invests-70m-in-ethereum-staking-protocol-lido\/#%E2%80%9D_Andreessen_Horowitz_invests_70M_in_Ethereum_staking_protocol_Lido_%E2%80%9C\" >&#8221; Andreessen Horowitz invests $70M in Ethereum staking protocol Lido  &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Andreessen_Horowitz_invests_70M_in_Ethereum_staking_protocol_Lido_%E2%80%9C\"><\/span>&#8221; Andreessen Horowitz invests $70M in Ethereum staking protocol Lido  &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDMvNjVmMDUxY2EtMzI1YS00MWE5LWFiNDQtOGZiNDljYzRhZmY5LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-128018ef>Ethereum staking solution Lido Finance has raised $70 million from venture capital giant Andreessen Horowitz, marking the protocol\u2019s first funding round since May 2021.\u00a0<\/p>\n<p>Andreessen Horowitz\u2019s investment in Lido is intended to further support the adoption of decentralized staking solutions for Ethereum 2.0, a spokesperson for the venture capital firm said. Ethereum 2.0 marks a significant shift in the network\u2019s consensus algorithm by ushering in the adoption of proof-of-stake (PoS) and other upgrades that could enhance scalability and reduce fees. The transition to Ethereum 2.0, which began in November 2020, is still ongoing.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Excited to share that <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/a16z?ref_src=twsrc%5Etfw\">@a16z<\/a> has invested $70M in <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/LidoFinance?ref_src=twsrc%5Etfw\">@LidoFinance<\/a>, one of the easiest ways to stake ETH and other PoS assets, and we used Lido to stake a portion of our ETH holdings on the Beacon chain. More from <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/DarenMatsuoka?ref_src=twsrc%5Etfw\">@DarenMatsuoka<\/a> &amp; <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/_PorterSmith?ref_src=twsrc%5Etfw\">@_PorterSmith<\/a>: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/vc2tzDJ3mS\">https:\/\/t.co\/vc2tzDJ3mS<\/a><\/p>\n<p>\u2014 cdixon.eth (@cdixon) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/cdixon\/status\/1499436156861227008?ref_src=twsrc%5Etfw\">March 3, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nAccording to Andreessen, staking Ether (ETH) has significant barriers due to the high threshold for operating a node. To become a full validator, users must be able to stake at least 32 ETH, which is worth over $90,000 at current prices. <\/p>\n<p>In addition to investing in Lido, Andreessen said it\u2019s staking a portion of its ETH holdings on the BNB Beacon Chain through the protocol. \u201cStaking with Lido removes many of the operational complexities that institutional investors have faced,\u201d the venture firm said.<\/p>\n<p>Ethereum&#8217;s BNB Beacon Chain recently registered its 300,000th validator, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/beaconcha.in\/\">according<\/a> to industry data. At the time of writing, nearly 9.7 million ETH had been staked for a total value of over $27.1 billion.<\/p>\n<p>Although terms like Ethereum 2.0 and Eth2 are still widely used in the industry, the Ethereum Foundation announced in January it would ditch such terminology. Instead, it now refers to the original Ethereum blockchain as the &#8220;execution layer&#8221; and the PoS chain as the &#8220;consensus layer.&#8221;<\/p>\n<p>Founded in 2020, Lido Finance offers a liquid staking solution for Ethereum 2.0, allowing users to stake their ETH with no lockups or minimum deposits. As Cointelegraph reported, Lido also supports other tokens, having only recently added Kusama liquid staking. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">More staking options arrive as we get closer to Ethereum 2.0. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Ledger?ref_src=twsrc%5Etfw\">@Ledger<\/a> has announced a partnership with <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/LidoFinance?ref_src=twsrc%5Etfw\">@LidoFinance<\/a> in a move that could make <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24ETH&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ETH<\/a> staking more accessible. https:\/\/t.co\/SgGZTWyRhF<\/p>\n<p>\u2014 Cointelegraph (@Cointelegraph) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/Cointelegraph\/status\/1427408588469899269?ref_src=twsrc%5Etfw\">August 16, 2021<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Ethereum hash rate scores new ATH as PoS migration underway<\/em><\/strong><\/p>\n<p>Lido concluded a $73 million funding round in May 2021 that was led by crypto venture capital firm Paradigm. Three Arrows Capital, Alameda Research, Digital Currency Group and Alameda Research also contributed.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"crypto_biz\"><\/template>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/andreessen-horowitz-invests-70m-in-ethereum-staking-protocol-lido\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Andreessen Horowitz invests $70M in Ethereum staking protocol Lido &#8220; Ethereum staking solution Lido Finance has raised $70 million from venture capital giant Andreessen Horowitz, marking the protocol\u2019s first funding round since May 2021.\u00a0 Andreessen Horowitz\u2019s investment in Lido is intended to further support the adoption of decentralized staking solutions for Ethereum 2.0, a&#8230;<\/p>\n","protected":false},"author":1,"featured_media":411821,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDMvNjVmMDUxY2EtMzI1YS00MWE5LWFiNDQtOGZiNDljYzRhZmY5LmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[77473,74876,117],"class_list":["post-411820","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-andreessen-horowitz","tag-proof-of-stake","tag-business"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/411820","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=411820"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/411820\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/411821"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=411820"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=411820"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=411820"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}