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 activated a protocol safety feature called “staking rate limit” after more than 150,000 Ether was staked with the protocol in a single day.
Lido is a liquid staking solution for digital assets, allowing users to stake Ether without them needing to have their tokens locked. When a user deposits Ether, Lido issues them a liquid variant of ETH, known as staked Ether (stETH), giving users staking rewards for each day the tokens are held in their wallets.
Read More: <a rel="noreferrer nofollow noopener" href="https://cointelegraph.com/news/lido-finance-activates-staking-rate-limit-after-more-than-150-000-eth-staked" target="_blank">https://cointelegraph.com/news/lido-finance-activates-staking-rate-limit-after-more-than-150-000-eth-staked</a>