Lido fluid staging protocol has enabled In keeping with Parsec Finance on Might 15 In keeping with information, Ether withdrawals for the primary time. Over 260 Lido Staked Ether (stETH) have been redeemed for base Ether (ETH) within the first three hours, price about $500,000.
Lido is a Liquid Staking Derivatives (LSD) protocol that permits ETH holders to stake their cash to collaborating validators and obtain extra ETH as a reward. When customers pledge their ETH with Lido, they obtain stETH in return. When customers earn ETH from staking, their stETH quantity will increase to replicate the extra reward.
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