LSDFi Protocol Records Historic Inflow Of $25 Million In A Single Day
On May 27, the LSDFi protocol achieved a remarkable milestone by witnessing an unprecedented inflow of $25 million in a single day. LSDFi, short for Liquidity-Staking Derivative Farming, is a decentralized finance (DeFi) protocol that allows users to stake their tokens and earn rewards. The protocol has gained considerable popularity within the DeFi community due to its innovative approach and attractive rewards system. This historic figure has set a new record for the highest inflow ever recorded in the protocol’s history.
The total value locked (TVL) in the LSDFi protocol currently stands at approximately $250 million, showcasing its substantial growth and adoption. Among the various projects within the protocol, Lybra Finance holds the largest share, constituting 48.3% of the total TVL. This highlights the trust and confidence users have placed in Lybra Finance’s offerings. Following Lybra Finance, Pendle secures the second-largest share of the LSDFi TVL, accounting for 15.9%. Pendle is a decentralized options protocol that enables users to trade tokenized future yield. Its presence within the LSDFi ecosystem demonstrates its appeal to DeFi participants. Additionally, Unsheth, a platform that provides synthetic assets backed by real-world commodities.
