LSDFi protocol Hydro Protocol said in a post on X that its money market layer now supports native USDC. Users can deposit USDC on Hydro Lending to earn a floating interest rate and also use the asset as collateral. The protocol added that native USDC can also be deployed in DeFi strategies on Injective. The update expands the set of assets available within Hydro Protocol’s lending product and links that support to use cases on Injective.

Lido Finance has become the dominant force in Ethereum liquid staking through stETH, wstETH, and deep integration with DeFi. This article reviews its business model, market share, LDO governance, and the broader impact on the LSD and LSDFi sectors.

Lido Finance has become the leading Ethereum liquid staking protocol. This article reviews how stETH works, Lido’s market share, the role of LDO, and the key risks and market implications for DeFi and the fast-growing LSDFi sector.