2023-02-28
Lido Finance, a liquid staking platform has recorded the largest inflow of Ethers. A blockhain analytics platform Lookonchain reported that Tron founder and crypto billionaire, Justin Sun staked 150,000 ETH on Lido Finance. Later on, another information from DeBank revealed that Justin Sun has staked another 50,000 ETH. Bringing total staking amount to 20,000 ETH. 20,000 ETH is equivalent to $326 million.
Lido Finance announced that Sun’s staking was the largest inflow ever. The Stake Rate Limit mechanism has reduced the rewards due to large amount of staking from Sun. Lido Finance is the most popular liquid staking platform, its native tokens has $2.6 billion in market cap which ranks number 29 largest crypto by market cap.
According to DeBank, Justin Sun has assets on Ethereum worth $418,074,948, including $326,423,503 in Lido Finance and $51,776,809 in AAVE V2.
