Liquidity staking protocol Lido Finance activated safety features to limit staking after more than 150,000 Ether was staked on the platform in a single day.
The decentralised finance (DeFi) protocol is popular amongst the crypto community as a tool to stake digital assets like Ether (ETH) without having to lock them away.
When Lido users deposit Ether, the tool issues a liquid version of their tokens back to them called staked Ether (stETH), rewarding users for each day they hold the liquid tokens in their wallets.
Lido tweeted on 25 February that hitting this staking milestone of 150,000 ETH activated a “dynamic mechanism” called the staking rate limit.
Lido protocol has registered its largest daily stake inflow so far with over 150,000 ETH staked.
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