TechFlow news: The Lido community has published a discussion proposal suggesting the termination of the Lido project on Polygon, citing the following reasons:
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Poor revenue: The Lido project on Polygon generates limited income but incurs high expenses.
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Brand risk: Recent technical issues could damage the project's reputation.
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Expensive compensation: An expensive compensation structure that does not align with market conditions.
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Uncertainty in Polygon’s roadmap: Polygon faces technological upgrades and competition, which may lead to brand risks.
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Lack of competition: There are almost no other liquid staking providers on Polygon.
It is recommended to terminate the Lido project on Polygon and instead focus on becoming an Ethereum-native liquid staking provider to reduce risks.
