think $LDO might be considerably undervalued here we know they're pushing hard on the insto adoption and ETF side, which is exactly what you want to see right now. V3 is expected to launch in October. i think Lido's transparency, stability, and execution track record are up there in the top tier among defi protocols. it shouldn't be any of those factors standing in their way. meanwhile, you have not just unprecedented but even unexpectedly-positive crypto acceptance from US regulators. Kean Gilbert said on a recent podcast that the tax implications are a big consideration for potential stETH ETFs. but just like how the lack of in-kind redemptions didn't stop all the vanilla spot ETFs from launching when they could, I doubt tax issues would stop the stETH ETFs. speaking of the ETFs - the LDO/ETH price is >100% upside away from here to where it was when the spot ETH ETFs were approved in May 2024 you also have the ETH treasury companies that are going to be entering a stiff competition to search for ETH yield for their investors. unlocking some liquidity on their staked ETH is the obvious next step after staking itself. and other LSTs don't even come close to having the same liquidity as Lido's stETH. These companies have a [loose] fiduciary duty to utilize the best available products for their shareholders. if ever there was a time to place a patient bet on LDO, I think it's now. i've added it back into my investments again.

let's make those original devs that abandoned the project to build stuff like a restaking protocol regret doing that so early in its life

also the supply overhang that cursed it in the past is no longer an issue it's ready to be revived