Liquid staking protocol Lido Finance has activated a protocol safety feature to temporarily limit staking deposits after a whopping 150,000 Ether was staked in a day.
's Feb. 25 tweet, the"dynamic mechanism” was activated after the daily staking limit of 150,000 Ether was reached.guide, Lido explained that the “safety valve” is aimed at limiting the amount of staked ether that can be minted during times of high inflows, which is intended to address the possible ill side effects, such as rewards dilution.
The mechanic works by limiting the amount that can be minted based on deposits within the last 24 hours, replenishing capacity at the rate of 6,200 Ethereum per hour.
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