Lido Finance prompts staking rate restrict after more than 150,000 ETH staked

Lido Finance activates staking price restrict after more than 150,000 ETH staked

Liquid staking protocol Lido Finance has pushed the immense crimson button in notify to activate a protocol safety feature called “Staking Fee Restrict” after more than 150,000 Ether became as soon as staked with the protocol in a single day.

Lido is a liquid staking resolution for digital resources, on this case permitting customers to stake Ether (ETH) with out them desiring to enjoy their tokens locked. When an particular particular person deposits Ether, Lido points them a liquid variant of ETH, identified as staked ETH (stETH), giving customers staking rewards for day to day the tokens are held in their wallets.

Caption: An on-chain analyst has found that 150,100 ETH may enjoy advance from a single particular person. Source: DeBank

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