poronohub-Lido Activates "Staking Rate Limit" as ETH Deposits Spike
Liquid staking protocol, Lido Finance has activated a staking rate limit after recording 150,000 ETH staked in 24 hours.Lido Finance now holds over 5.5 million ETH, and the staking rate limit will manage large inflow spikes on the protocol.Reports show that Tronâs founder, Justin Sun, is behind the 150,000 staked on Lido Finance.Lido Finance and its Staked ETH (stETH), running the most popular staking pool, have activated a âstaking rate limitâ after over 150,000 ETH were staked on the platform in a single day.
Lido Finance Records Biggest Single-Day Staking
On Saturday, Lido Finance tweeted that it had received the largest daily stake inflow. As per the announcement, over 150,000 Ether worth $240 million was injected into the protocol in 24 hours.
At this writing, 33.12% of...
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