The Solana Foundation announced the Solana Developer Platform (SDP), an API-based development platform for enterprises and financial institutions to build financial products on Solana. SDP comprises three modules—issuance, payments, and trading. The issuance module supports tokenized deposits, GENIUS Act-compliant stablecoins, and RWA asset issuance, while the payments module enables on-chain transfers between fiat currencies and stablecoins. The issuance and payments modules are live, with the trading module scheduled for late 2026; Mastercard, Worldpay, and Western Union are among the first adopters.
Lido reported 2025 revenue of $40.5 million, down 23% year over year, driven by staking fund outflows and compressed network-wide staking APR. It is evaluating an LDO buyback program in Q2 2026 to use staking revenue to purchase LDO on the secondary market and allocate it to LDO stETH liquidity positions. A Lido DAO proposal seeks authorization for the Growth Committee to buy LDO from the treasury in batches using up to 10,000 stETH, with purchases planned to be executed via limit orders across both CEX and on-chain channels and the acquired LDO returned to the treasury upon completion.
Balancer Labs will be shut down and the protocol will be operated under a DAO, foundation and service provider model, with some core members planned to be integrated into Balancer OpCo, subject to governance voting. Going forward, the plan includes ceasing BAL incentive emissions, phasing out veBAL, allocating 100% of protocol fees to the DAO, optimizing the fee distribution mechanism, implementing BAL buybacks to provide exit liquidity, and narrowing product scope and on-chain deployments to reduce costs and boost sustainability.
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