Lido Activates Safety Feature After 150K ETH Staked in One Day

Lido Staking Rate Limit Throttles Inflow of Staked ETH

Liquid staking protocol Lido has activated a safety feature called the Staking Rate Limit after more than 150,000 ETH was staked in a single day.

In return for users’ staked ETH, Lido issues stETH. The Staking Rate Limit decreases how much stETH can be minted at any one time. The rate of recovery is about 6.2K ETH per hour.

If a stETH minter encounters an error, Lido said to try again with a smaller amount or wait for the capacity to replenish.

Liquid staking protocols have attracted a large amount of attention as key components of the Ethereum ecosystem as the Layer-1 blockchain approaches the significant Shanghai upgrade, which will enable users to withdraw their staked ETH.

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