A16z Investing $70M in Ethereum ( $2,430.21 ) Staking Provider Lido Finance

Venture capital firm Andreessen Horowitz (a16z) has invested $70 million in Lido Finance, a liquid staking provider that makes it easier to stake ether and other proof-of-stake (PoS) assets. The firm also used Lido to stake an undisclosed portion of a16z Crypto’s ether holdings on the Beacon Chain.