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Sunday, November 24, 2024
More
    bitcoin
    Bitcoin (BTC) $ 98,500.39
    ethereum
    Ethereum (ETH) $ 3,430.76
    tether
    Tether (USDT) $ 1.00
    bnb
    BNB (BNB) $ 669.14
    usd-coin
    USDC (USDC) $ 1.00
    xrp
    XRP (XRP) $ 1.46
    binance-usd
    BUSD (BUSD) $ 0.994809
    dogecoin
    Dogecoin (DOGE) $ 0.439306
    cardano
    Cardano (ADA) $ 1.06
    solana
    Solana (SOL) $ 256.66
    matic-network
    Polygon (MATIC) $ 0.577556
    polkadot
    Polkadot (DOT) $ 8.94
    tron
    TRON (TRX) $ 0.216394
    HomeFinance$500,000 of stETH traded in 3 hours as Lido permits withdrawals

    $500,000 of stETH traded in 3 hours as Lido permits withdrawals

    The Lido liquid staking protocol has activated Ether withdrawals for the primary time, in line with Could 15 information from Parsec Finance. Over 260 Lido Staked Ether (stETH) was traded for its underlying Ether (ETH) throughout the first three hours, value about $500,000.

    Lido is a liquid staking derivatives (LSD) protocol that enables ETH holders to stake their cash with taking part validators and earn further ETH as a reward. When customers stake their ETH with Lido, they obtain stETH in return. As customers earn ETH by means of staking, their stETH will increase in amount to mirror the extra rewards.

    ETH withdrawals on Lido. Supply: Parsec

    Proceed studying on Coin Telegraph

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