A new proposal from the Lido community suggests shutting down the staking service on Polygon

The Lido community released a discussion proposal and suggested initiating a "sunset" process for the staking protocol Lido on Polygon. The proposal stated that the current TVL of Lido on Polygon is approximately 151 million MATICs (approximately US$86 million). Based on this data, the annualized fee income of Lido DAO on Polygon is US$166,863. Lido DAO awarded Shard Labs 450,000 LDO tokens over the past 12 months as compensation for achieving the 3% staking market goal. Another 150,000 LDO tokens will be distributed to Shard Labs soon. Lido’s rewards spent on Polygon in the past year were 1,538,500 LDO, while the annual income earned per 1% of MATIC staking was $41,991, and the one-time compensation Shard Labs received was 150,000 LDO. “This is bad. ROI.” According to previous news, Lido announced that it will no longer support SOL staking and will no longer support new SOL staking on October 16. Node operators will withdraw starting on November 17. Starting February 4, 2024, Lido support for the Solana frontend will end, and thereafter, unstaking will only be done through the command line interface (CLI). Lido stated that stSOL holders will still receive staking rewards during this period.