Cryptocurrency ETP provider 21Shares has expanded its line of instruments with an exchange product based on Lido Dao (LDO).
Investors will have the opportunity to take the risk of changing the value of a leading player in the liquid staking market.
21Shares listed the product as the highest risk, citing market volatility and regulatory uncertainty.
The 21Shares Lido DAO ETP is available to clients in 21 countries and has been listed on platforms like the BX, Swiss and Stuttgart stock exchanges.
management fee is 2.5%, success fee — 0%.
AUM of the product is $81,690. In total, the company manages over $1.1 billion for all 37 crypto-ETPs.
According to the Dune Analytics dashboard, there are over 20 million ETH locked in Lido staking. The provider occupies 31.6% of the market with an indicator of 7.18 million ETH.
According to DeFi Llama, TVL of the project is $12.71 billion. According to this indicator, the protocol ranks first, more than twice ahead of its closest competitor MakerDAO ($5.8 billion).
As a reminder, on May 15, the Lido Finance team deployed the second version of the protocol after a successful community vote.
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