Lido Finance activates staking rate limit after more than 150,000 ETH staked
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Liquid staking protocol Lido Finance activated a protocol safety feature called “staking rate limit” after more than 150,000 Ether (
The latest development from Lido comes as Ether staking volumes have reportedly continued to rise as the Shanghai upgrade nears. The Ethereum Shanghai upgrade is due in mid-March, leading to speculation about what could happen to the price of Ether.
One of the five planned upgrades, EIP-4895, is expected to unlock staked ETH and allow withdrawals, potentially leading to increased liquidity in the crypto market.
$25 billion of ETH has been staked since the Beacon Chain was launched and introduced staking to ETH in December 2020.