Lido Finance said Saturday that It saw the largest daily ETH inflow for the protocol, with over 150,000 ether worth nearly $240 million.
Lido protocol has registered its largest daily stake inflow so far with over 150,000 ETH staked.
Upon reaching this number, a curious (but important) protocol safety feature called Staking Rate Limit was activated.
Here’s how it works
pic.twitter.com/ngBtWz7q18
— Lido (@LidoFinance) February 25, 2023
According to Twitter account Lookonchain, Tron founder Justin Sun has staked 150,000 ETH on Lido Finance, the highest value in nearly a year.
Earlier this month, Lido Finance completed the design for the second version of the protocol. This will add support for Ethereum staking withdrawals, with a vote on Lido’s regulatory platform expected by the end of the month.
The post Lido Finance Reports ETH Inflows for the Highest Daily Stake Ever appeared first on Bitcoin Addict.