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?
Staking is the act of holding funds in crypto wallets to support the operation of a blockchain network. Holders, who are also referred to as the stakers, are then rewarded for their effort.
According to https://stake.lido.fi/, Lido is a liquid staking solution for ETH 2.0 backed by industry-leading staking providers. Lido lets users stake their ETH - without locking assets or maintaining infrastructure - whilst participating in on-chain activities, e.g. lending.
To calculate the amount of ETH staked with Lido, I used the table “ethereum.core.ez_eth_transfers”.
In conclusion, the amount of ETH that has been staked with Lido over the past 3 months is 1.887M. The total amount of ETH that has been staked with Lido is 4.14M.
From 197.26K on 15-Mar, the amount of ETH staked with Lido per day decreased by 3985 times on 15-Jun. As is shown in the chart, the cumulative amount of ETH staked with Lido remained nearly unchanged from 11-May to now because the daily amount is minor, which made the cumulative amount not change much. Imbalance in the liquidity pool, crypto regulation and crypto crash are reasons behind this trend, I believe.