Liquid staking protocol Lido Finance has activated a protocol safety feature to temporarily limit staking deposits after a whopping 150,000 Ether was staked in a day.
's Feb. 25 tweet, the"dynamic mechanism” was activated after the daily staking limit of 150,000 Ether was reached.guide, Lido explained that the “safety valve” is aimed at limiting the amount of staked ether that can be minted during times of high inflows, which is intended to address the possible ill side effects, such as rewards dilution.
The mechanic works by limiting the amount that can be minted based on deposits within the last 24 hours, replenishing capacity at the rate of 6,200 Ethereum per hour.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Tron (TRX) Founder Justin Sun Stakes 150,100 ETH in Lido Finance: DetailsTron (TRX) creator Justin Sun pledges 150,100 ETH on Lido Finance TRX $TRX $LDO LidoFinance Layer2
Les mer »
Lido Finance reports largest ever daily stake inflow with more than 150,000 ETH stakedDragonfly Capital data scientist known as hildobby said the 150,000 ether had been staked by Tron founder Justin Sun.
Les mer »
THETA, LIDO, KLAY and EGLD flash bullish signs as Bitcoin recaptures $23KBitcoin’s range trading in the $21,000 to $25,000 range is giving altcoin traders confidence, and LDO, EGLD, THETA and $KLAY could be on the verge of a price breakout.
Les mer »
Germany’s DZ Bank to Offer Crypto Custody With Swiss Firm Metaco – Finance Bitcoin NewsThe second-largest bank in Germany, DZ Bank, is preparing to become a provider of custody services for crypto assets.
Les mer »
Get smarter this tax season with this $19 finance course bundleSmarten up your finances, and save.
Les mer »
Platypus Finance says French police took suspected hackers into custodyPlatypus Finance, which suffered a $9.1 million hack earlier this monh, said French police had arrested its suspected hackers.
Les mer »