$500K worth of stETH redeemed in 3 hours as Lido enables withdrawals

The Lido liquid staking protocol has enabled Ether (ETH) withdrawals for the first time, according to May 15 data from Parsec Finance. Over 260 Lido Staked Ether (stETH) was redeemed for its underlying Ether in the first three hours, worth about $500,000. Lido is a liquid staking derivatives (LSD)…#parsecfinance #stakedether #eth #ethereum #newcosmos #parsec #shapella #defillama

Source: Reuters: Health - May 15, 2023 Category: Consumer Health News Source Type: news