🔻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:

* The bear case for Lido

📹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”

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