Lido Finance activates staking rate limit after more than 150,000 ETH staked
Lido Finance had to activate its safety feature "Staking Rate Limit" after over 150,000 ETH was staked in a single day. Liquid staking protocol Lido Finance has pushed the big red button in order to activate a protocol safety feature called " Staking Rate Limit" after more than 150,000 Ether was stake d with the protocol in a single day. Lido is a liquid staking solution for digital assets, in this case allowing users to stake Ether (ETH) without them needing to have their tokens locked. When a user deposits Ether, Lido issues them a liquid variant of ETH, known as staked ETH (stETH), giving users staking rewards for each day the tokens are held in their wallets. 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 ...