Gate News reports that on March 24, the Lido protocol announced its financial data for 2025. Total revenue was $40.5 million, down 23% year-over-year, compared to $52.4 million the previous year. Its gross income declined by 18.2%, due to user withdrawals leading to net staking outflows and decreased staking rewards. Lido noted that in 2025, Ethereum staking experienced structural changes, with network APR compressing, funds shifting from Simple LST to exchanges and institutional staking, increasing competition and shrinking its leading market segment. The market share of Simple LST continued to decline. Lido stated it is evaluating a potential LDO buyback plan, possibly starting in Q2 of this year, aiming to use protocol-generated staking rewards to buy LDO on the open market and invest in DAO-held LDO and wstETH liquidity positions. The protocol laid off 15% of staff last August to ensure long-term sustainability. Lido’s goal for 2025 is to expand beyond core staking products to new services targeting institutional investors and users seeking higher yields. WisdomTree, managing $140 billion in assets, launched an Ethereum-based ETP in Europe and earns staking rewards through the decentralized Lido protocol.
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