Lido Liquid Staking Platform Hits 5M ETH Milestone Ahead of Reward Withdrawal Upgrade

The world’s largest liquid staking platform, Lido, has hit a new milestone for the amount of staked Ethereum. An upcoming Ethereum upgrade will allow the testing of staking reward withdrawals.

On Feb. 7, Lido Finance posted an analytics update that included a milestone for staked Ethereum. According to the Dune Analytics dashboard it cited, Lido crossed 5.05 million ETH staked on Beacon Chain. At current prices, this is worth approximately $8.26 billion.

According to DeFiLlama, Lido is the largest DeFi protocol, with a 14.38% market share. Furthermore, its total value locked is currently $8.43 billion, the vast majority of that being in ETH.

The protocol also noted that its February incentives of 1.95 million LDO tokens were now live.

(By Martin Young)

Lido DAO $1.25

-2.85%

Lido Finance

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