Celsius has requested the withdrawal of almost $800 million worth of ETH from Lido, adding to the growing queue.
Bankrupt crypto lending firm Celsius is anxious to get its staked Ether stash back from liquid staking platform Lido which enabled withdrawals this week.
Celsius initiated the process of withdrawing its Lido Staked ETH from the protocol. According to transactionThe stash is valued at approximately $784.7 million at current prices. The move follows aOnce the withdrawal process is complete, Celsius will receive the equivalent in Ethereum and the stETH tokens will be burnt by Lido.Analytics, the cumulative amount of stETH in the withdrawal queue is 442,000 from 141 requests.
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