ETH staking APR smashes ATH. Currently 10.20% with Lido.fi

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ETH staking APR smashes ATH. Currently 10.20% with Lido.fi

ETH staking APR smashes ATH. Currently 10.20% with Lido.fi

Moving away from the FTX drama for a moment, for an update on the success of ETH staking rewards.

Those who are staking ETH with lido are currently sitting on an almost unbelievable 10.20% APR right now.

EDIT: For the people who think I'm promoting lido and encouraging this use your bloody noggin. I thought the tongue in cheek description was enough and my bitcoin sub flair would make it obvious but apparently not.

So for those who didn't get it: OBVIOUSLY DON'T STAKE YOUR ETH WITH LIDO.

https://preview.redd.it/3hd6y17n5b0a1.png?width=791&format=png&auto=webp&s=277c2950383f6ebde3437d351939f982ab9c9b0f

Earlier in the week on November 14th ETH staking rewards set a new ATH of 11.3% on Lido.fi (when combining consensus layer and execution layer APR.)

Apparently not dissuaded by the current bear market turmoil and concerns about locking ETH up, Lido increased it's staked ETH holdings by 95,648 ETH over the last two weeks bringing their TVL to approx $6bn with 4.5m ETH staking with them. Lido continue to be the dominant staking force in the market with approx 30% of the total staked ETH.

https://preview.redd.it/8jspnr6a6b0a1.jpg?width=1662&format=pjpg&auto=webp&s=b0a6175f50520d924d5be12f0f4979c136236ce5

Interestingly though, the total volume of staked SOL during the same period fell -35%.
Probably not surprising given SOL's close connection to FTX and the apparent shitshow that is ongoing with their vaporware tokens getting absolutely annihilated on the open market.

submitted by /u/MilesPower
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