Lido, the Ethereum staking giant, announced the launch of Lido Lend, a decentralized lending protocol focused on security and targeting professionals and institutions. Built on Morpho Blue but modified to minimize risks, the product will launch in Q4 and focus on established collateral like stETH and WETH. Lido aims to capitalize on Aave’s security issues, including a $292M exploit via KelpDAO with estimated bad loans exceeding $120M. The on-chain lending market currently holds $55B in total value locked, with $31B in active loans, and Aave dominates with 68% market share. Lido, which already manages over $24B in staking, could intensify competition in this sector.
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