Last Updated on August 7, 2023 by Bitfinsider
According to the Ethereum staking protocol, the total value locked in Lido has topped $15 billion for the first time since May 2022.
The company also stated in its second Lido Monthly Report that the protocol “consistently experienced large monthly net inflows of ETH deposits,” despite the fact that the ability to withdraw staked ether was implemented earlier this year.
“As a result of this continuous growth, the protocol appears poised to surpass eight million staked ETH next month,” the report concluded.
Hardware wallets are safe and secure devices that can be used offline. They keep your cryptocurrency offline, making it impossible for you to be hacked. To find out more on the leading hardware wallets, you may view our reviews here: Ledger & Trezor
Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.
