Try Quests to earn cryptoLido - ETH Staked
Q9. What is the total amount of ETH that has been staked with Lido? Show the daily amount of ETH staked with Lido in the past 3 months. Are there any trends you can see?
Date: 2022-06-13
What is LIDO?
Lido Finance is a staking pool for Ethereum 2.0 that allows to participate in staking.
Website: Lido Finance
What is stETH?
stETH is a token that represents the staked Ether in Lido, combining the initial deposit value with rewards. Thus, stETH is a token that allows you to earn DeFi yield rewards.
stETH is the liquid token for betting ETH staked in the Eth2 contract with which users who bet their ETH in the Eth2 contract through Lido will receive the equivalent liquid token in the form of stETH.
Thanks for reading!
This analysis was created on 2022–06–13 for a bounty at Flipside Crypto by piper to answer the following questions:
Lido - ETH Staked: Q9. What is the total amount of ETH that has been staked with Lido? Show the daily amount of ETH staked with Lido in the past 3 months. Are there any trends you can see?
All data used are from Flipside Crypto. Flipside Crypto
The total amount of staked ETH with Lido is at the moment of June 13th by 4.14 Million ETH.
The chart above shows the strong growth of staked ETH at Lido since the beginning until today, June 13th. It is clearly visible that since around May 12th the growth has stopped.
The chart bellow shows the staked amount of ETH the Lido in the last 3 month. As already mentioned, the growth has nearly stopped in the past 30 days. Around 957.6k of ETH were staked in the last 3 month.
In the past 30 days only 24.55k of ETH was staked with Lido, this is, compared to the past, kind of nothing. Staking at Lido nearly stopped.
Looking at the chart above and below we can see the massive collapse of growth on ERTH staking at. Lido. The daily amount of ETH has come to nearly 0.
Checking the stETH balances of all wallets shows also the collapse of growth. First time that balances in wallets are deceasing since the beginning ETH staking at Lido!
What caused this collapse of growth?
It seems like the crash of Terra Luna and Anchor also affects Lido Staking. News are irritating people and they avoid staking ETH with Lido. stETH could be changed to bETH and used as collateral at Acnhor protocol on Terra. Currently people are selling their stETH, which is back 1:1 with ETH, with a discount on the market (Curve). That's why media is talking about stETH depeg!