Lido Finance lists the highest daily stake inflow of over 150,000 ETH

Lido Finance lists the highest daily stake inflow of over 150,000 ETH
The Lido-Staking Protocol Lido Finance recorded the highest daily share of shares on Saturday with more than 150,000 ether (Eth) that were used on the platform.
According to the web3 data analysis platform Lookonchain, Tron-Blockchain founder Justin Sun Submitted 150 million dollars on Lido. On-chain data show that Sun has deposited the assets in four separate transactions.
lido activates the staking rate limit
About four hours after the tweets from Lookonchain, Lido Finance noted that the great inflow led to the protocol activated its staking rate limit, a safety function that was developed to avoid side effects due to such inflows by limiting the number of set-up ETH (Steth) that can be shaped in a time frame.
The platform found that the limit would affect all parties that try to shape Steth, regardless of its approach. It is denominated in Ether and therefore applies to Steth and Wrapped Stacked Ether (Wsteth).
"It works by reducing how much Steth can be shaped on the basis of the last deposits (sliding 24-hour window) at any time, and this capacity then fills out block by block. Due to the recreation rate (~ 6.2k ETH/h), it is unlikely that most users are affected," said Lido.
The upcoming Shanghai upgrade from Ethereum
The recent development, which includes increased ETH staking on the Lido protocol, can be attributed to the upcoming Shanghai upgrade, one of the planned upgrades from Ethereum.
The Shanghai upgrade (EIP-4895) is a fork that is scheduled to go live in March 2023. It is expected that he enables validators and users to unlock their stubborn ETH and to lift the assets from the Beacon Chain.
beginning of this month, lido announced his V2 upgrade, which focuses on enabling steth owners to deduct their ETH directly from the Beacon to Shanghai. The protocol will shortly submit the proposed design on its governance platform.
In the meantime the lido dao token (LDO) has increased by over 31 % data from coinmarketcap last month. At the time of writing, the token was traded at $ 3.07.
.