2023-02-28 18:40:20
Justin Sun is the largest individual staked ether holder
⦁ His balance on Lido, the largest liquid-staking protocol, is now nearly $500 million
⦁ On Saturday, Lido saw a $240 million inflow in the form of 150,000 $ETH in a series of transactions evidently by Sun. It is its largest daily stake inflow to date
⦁ After that, Lido activated a new safety feature, the Staking Rate Limit (the daily cap is set at 150,000 ether)
⦁ The value of assets in liquid-staking protocols is $14.22 billion now, which is just behind the $19.32 billion at decentralized exchanges
⦁ Liquid staking has replaced the lending and borrowing business as the second-largest sector of DeFi, following several high-profile failures of companies in that sphere last year
⦁ Lido's total deposits now total $9.3 billion
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