Liquid Staking Takes DeFi By Storm With $240 Million Lido Inflow, Apparently From Justin Sun by ninabambysheva
of assets in liquid-staking protocols to $14.22 billion as of Monday afternoon in New York, That’s just behind the $19.32 billion at decentralized exchanges, according to data provider DefiLlama. 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.it had received the largest daily stake inflow to date, bringing its total deposits to $9.34 billion.
After recording the deposit, Lido announced it had activated a new safety feature, called the Staking Rate Limit, to address possible negative effects of such massive inflows without having to pause deposits altogether.
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