Andreessen Horowitz (a16z) has announced a $70 million investment in Lido Finance, a liquid staking provider that makes it easier to stake ether and other proof-of-stake (PoS) assets. The firm also used Lido to stake an undisclosed portion of a16z Crypto’s ether holdings on the Beacon Chain.
Previously, Lido closed a $73 million funding round led by Paradigm in May 2021 with participation from Three Arrows Capital, Alameda Research, DCG and others.
Source Fund Raising
Get the most concise crypto news, research, and insights by subscribing to our free newsletter.
