Lido announces $60 million expansion plan, venturing into the stablecoin yield field.

According to Mars Finance, Lido has submitted its 2026 budget proposal, projecting a $60 million investment to transform from a single product to a diversified portfolio, targeting institutional clients and expanding its stablecoin yield business. The proposal outlines the development of stablecoin and other asset class-related products to create new revenue streams and ensure the protocol's long-term resilience. According to Dune Analytics data, Lido currently holds a 28% market share in the Ethereum staking market, managing over 9.8 million ETH (worth approximately $34 billion).