21Shares has launched an ETP on the Lido

21Shares is a crypto-ETP provider. She carried out the expansion of tools on the site, developed on the Lido technology.

What is known about the new product

Investors will have access to accept the risks of coin value adjustments from the market leader in liquid staking. The company called this product the most risky. They attributed this to high volatility and regulatory uncertainty.

This product will be provided to users from more than 21 countries. It was listed on BX and other stock exchanges.

At the same time, the management fee reaches 2.5%. There is no commission for success. The volume of assets under the management of the product reaches more than 81 thousand dollars. In total, the company manages more than $1.1 billion for 37 cryptocurrency ETP.

DeFi Llama information says that the total assets are blocked in the amount of more than $ 12.7 billion. Note that v2 of the protocol was deployed last month. It was held after the full support of the community determined by the vote.

According to the Dune Analytics dashboard, there are now more than 20 million Ethereum coins in the Lido. The provider is a full-fledged leader in the market, occupying its share of 31.6%. 

The GRIN4 ecosystem

We have created a bot to make money on crypto exchanges. You set the settings, and he trades 24/7. Manage all assets from one service: with your own hands or with the help of algorithmic trading. Anonymously. Simply. Stress-free.