© Reuters. 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 Tron’s 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 “staking rate limit” 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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