Lido will stop offering staking services on Polkadot and Kusama starting from August 1st due to a lack of liquidity in the ecosystem.

BlockBeats reported on March 29th that MixBytes, the developer of Lido, will cease its staking services on Polkadot and Kusama on August 1st. MixBytes stated that the reason for the cessation is due to macro factors that have led to a lack of liquidity in the Polkadot ecosystem. Lido has terminated its staking services on Polkadot and Kusama and will automatically release all staked assets on June 22nd, with the official termination date being August 1st.