.LidoFinance attracted over 10,000 new ether (ETH) stakers to the protocol in July. By
Lido – one of the most popular liquid-staking platforms – saw 10,000 unique ether depositors opt into the protocol, contributing toward total value locked crossing a landmark $15 billion worth of tokens in July, a level not seen since May 2022.by Lido, the number of unique ether depositors surpassed 166,000, representing a 6.66% increase this past month. Lido’s TVL passed $15 billion on July 14, though due to the recent decline in the price of ether it stands at $14.81 billion at press time.
DeFi traders typically keep their attention on liquidity, because it measures how easily crypto investors can access stETH. The drop in liquidity in DeFi pools was “ largely because of the uncertainty surrounding Curve exploit/situation with many LPs [liquidity providers] withdrawing until there’s more clarity,” said Kasper Rasmussen, Lido marketing lead, to CoinDesk in a Telegram message.
Curve Finance, a decentralized stablecoin exchange, lost more than $73 million in a recent hack, causing spillover effects to other entities in the crypto ecosystem, including Lido. Curve has since recouped aboutDespite the decrease in stETH in DeFi liquidity pools, the demand for stETH remains strong for lending protocols and.
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