Lido’s Revenue Efficiency Trails Rival Ether.fi

Lido’s revenue efficiency lags Ether.fi despite a higher TVL. Lido reports ~$17.9B TVL and ~$38.2M annualized revenue; Ether.fi reports ~$3.5B TVL and ~$50.6M. A 50/50 node operator split and single-yield model are cited. The post proposes research into restaking, vaults, and LDO token utility.