Lido DAO Breaks Daily Inflow Record; How ETH Stakers Affected?
Also Read: Cathie Wood’s Ark Invest Adds Over 150K Coinbase Stock Amid Red Hot Inflation advertisement The upcoming upgrade could likely showcase the real impact from The Merge, which switched Ethereum’s consensus mechanism to proof of stake. This consensus system offers low energy costs as opposed to the previous mechanism of proof of work. It may be recalled that against high expectations, the Ethereum price did not rise after The Merge was completed in mid-September 2022. Lido Sees Largest Daily Stake Inflow The World’s first licensed Crypto Casino. Begin your journey with 20% cashback up to 10,000 USDT. Signup Ad The Lido protocol had on 25 February, 2023 recorded its largest daily stake inflow so far with over 150,000 ETH staked. This can likely be attributed to Justin Sun’s 150,100 ETH staked. Due to the heavy staking inflow,