Lido Finance poised to profit from the Shanghai upgrade
DeFi protocol Lido Finance is planning to launch an NFT that represents a user’s withdrawal request amount during the process of unlocking ETH after the Shanghai upgrade.
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When users withdraw Ether on Lido, they can unstake their stETH and receive ETH at a 1:1 ratio. This process will involve three steps:
- First, users will submit a withdrawal request and automatically receive a Lido NFT that's worth the same as their assets.
- Next, they can use the NFT to claim rewards in ETH.
- Finally, the NFT will be burned after the user receives their ETH.
Is it possible to earn money out of thin air? Or is there some sort of catch or hidden value?
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