Andreessen Horowitz invests $70M in Ethereum staking protocol Lido

Venture capital firm Andreessen Horowitz has invested in Lido Finance. Lido is a liquid staking solution for Ethereum 2.0. Nearly 9.7 million ETH have been staked at the time of writing, for a total of $27.1 billion. The venture business claims that Lido avoids many of the practical hurdles that institutional investors have faced.