Ethereum: Is Lido (LDO) Doomed To Repeat Three Arrows Capital’s Fate?

Market research firm Kaiko has published a study on the flagship protocol of Ethereum, Lido Finance (LDO). The study is a must-read for every ETH and LDO investor!
Cautionary tales serve as a valuable reminder of the risks and pitfalls that can await even the most promising projects. Remarkably, Lido Finance has embarked on a massive growth trajectory in recent months, reminiscent of former crypto industry poster child Three Arrows Capital (3AC). Riyad Carey, analyst at Kaiko, writes:
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