The staking liquidity protocol Lido reported that the amount of pledged ETH pouring into its platform today topped 150,000, which was the greatest single-day pledge flow to date. However, following this quantity, the platform activated security limits using Function "Staking Rate Limit."

Without suspending pledged deposits, this function provides a dynamic method that can address any issues brought on by a high influx of committed tokens (such as diluted pledge rewards) by reducing the quantity of minted stETH and gradually replenishing it.

It operates by limiting the total number of stETH that can be created at once based on previous deposits (a moving 24-hour window), and then restoring this capacity block by block. Due to the recovery rate of 6200 ETH each hour, the majority of users won't likely be impacted.

Users are reminded by Lido that this prohibition will apply to anyone attempting to mint stETH on the Lido platform. Users can try a modest amount or wait a while if the message "stETH cannot be minted at this moment" occurs.

Lookonchain, the on-chain data analytics platform, reported on February 25 that an address linked to Justin Sun invested 150,100 ETH, amounting to over $240 million, in Lido. In exchange, Sun received an equal amount of stETH.

Users may earn interest by staking any amount of Ethereum with Lido Finance, the most liquid staking system on the market. Users receive the staked Ethereum token stETH in return for their deposits.

As of right now, Ethereum deposits cannot be withdrawn, at least not before the Shanghai fork that will happen next month.

#Lido #LDO #ETH #Staking

#Staking #yieldfarming #DeFi

Are you tired of unpredictable market conditions affecting your investments? Look no further than FlidoFi, a new dApp that combines the power of Lido Finance and Flashstake protocols to offer unique staking opportunities.

With FlidoFi, your deposits cannot be liquidated no matter how volatile the prices or interest rates may be. Plus, you have the flexibility to withdraw your staked ETH at any time. All investments with FlidoFi are 100% secure, with funds directly deposited into Lido to ensure their safety and protection.

But the best part about FlidoFi is the peace of mind it provides with a fixed yield. Lock in your yield for up to three months into the future, and say goodbye to the stress of interest rate volatility.

FlidoFi makes it easy to get your hands on fTokens, which can be bought on the open market or minted using the "Advanced" mode on the dApp. When you lock in the staked ETH rate and receive your yield upfront, you forfeit your claim to the future yield. This yield becomes the responsibility of the fstETH holders, who take on the risk and potential reward of interest rate volatility.

By adding liquidity to the stETH/fstETH pool, holders of fstETH are eligible to earn trading fees every time someone flashstakes through FlidoFi and receives their upfront yield. Additionally, fstETH holders can reap the benefits of any increase in interest rates.

But why is the FLASH token beneficial?

By using Flido, a portion of the fees go into the Flash Capacitor, which can only be removed through the use of the FLASH token. So, FLASH holders can sell their token for profit or use it to help sustain the long-term growth of the Flido ecosystem.

FlidoFi is powered by Flashstake Protocol, a cutting-edge financial platform that allows you to earn a fixed return on your assets effortlessly. The upfront yield rate (APR) is determined by several factors, including staked token quantity, stake duration, available yield in the pool, and the availability of more efficient yield redemption routes.

The Flashstake Protocol enables a dynamic marketplace of time that caters to the needs of different users, using block timestamps instead of locking funds for a specific number of blocks. When you stake for a chosen duration, your funds become available precisely at the end of that period.