Liquid Staking Platform Lido Surpasses 6M Ether Deposits as Shanghai Upgrade Spurs Inflows
Decentralized finance (DeFi) protocol Lido Finance has surpassed six million ether (ETH) deposited on its liquid staking platform amid steady inflows following the Ethereum blockchain’s Shanghai upgrade.
Lido has enjoyed a net inflow of 105,644 ETH through last week, worth some $199 million, pushing deposits to 6,008,480 ETH, according to blockchain data by a Dune Analytics dashboard.
Liquid staking has become a popular way for investors to earn yields on their digital assets, making it one of the largest DeFi sectors with $16 billion of value combined, per data by DefiLlama.
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