Staked Ethereum declines 3.8% as withdrawals cross 1M ETH
Lido DAO is responsible for most staked Ethereum withdrawals — roughly 25% — according to Nansen's dashboard.
Track crypto staking news, validator economics, liquid staking, yield changes, and network participation across major ecosystems.
The upgrade allows validators to withdraw staked funds for the first time.
Blockchain investigator Lookonchain reported that a whale — Blockchain Capital — profited over $2 million from selling liquid staking tokens.
Access Protocol concludes its last community giveaway with two airdrops, offering users a chance to earn up to 40,000 free ACS tokens each.
Liquid staking platform tokens have seen their values increase following news that staked Ethereum withdrawals would be enabled on April 12.
Lido developer MixBytes said Polkadot's DeFi lack of liquidity undermined the value proposition of liquid staking.
The exchange will also discontinue Algorand (ALGO) staking.