- Lido Finance released analytics for the period of January 30 to February 6.
- The analytics reveal that Lido crossed 5.05 million ETH staked on Beacon Chain.
- It also reveals that new lending pools on Ethereum are rocketing.
Lido Finance released analytics for the period of January 30 to February 6 on its Twitter account. The data reveals that Lido crossed 5.05 million ETH staked on the beacon chain.
The information also reveals that the February incentives of 1.95 million LDO are now available. The team also mentioned that new lending pools on Ethereum are exploding. MakerDAO and AAVE are two examples, with 636 percent and 140 percent growth over the last seven days, respectively.
Moreover, there was a visible growth in the TVL, which stood at $8.4 billion, yesterday. There was a 3.83% positive change in the last seven days. The analytics also revealed that Lido staking deposits grew across all Lido chains except Kusama. Kusama was also experiencing a drop in deposits over the last two weeks.
Lido staking deposits on Ethereum spiked by 47.1k ETH over the last week. The Lido platform recently unveiled a major upgrade, with two key features being introduced once it is approved by its DAO. One of the major features will be the withdrawal of the staked Ethereum.
Lido was offering users the option of staking ETH without the need for 32 ETH to become a validator. The staking platform also released details on how it will incorporate these changes through two modes.
Furthermore, the Lido incentives for February are live, with 1.95 million LDO incentives planned for the month. Lido deposits in Ethereum, Polygon, Solana, Polkadot, and Kusama also had a change of +0.98%, +1.60%, +0.80%, +4.20%, and -3.55%, respectively, over the last seven days.