Lido Finance activates staking rate limit after more than 150,000 ETH staked

Liquid staking protocol Lido Finance has pushed the big red button in order to activate a protocol safety feature called “Staking Rate Limit” after more than 150,000 Ether was staked with the protocol in a single day.

Lido is a liquid staking solution for digital assets, in this case allowing users to stake Ether (

The latest development from Lido comes as Ether staking volumes have reportedly continued to rise as the Shanghai upgrade nears. The Ethereum Shanghai upgrade or the “Ethereum Shanghai fork,” is due in mid-March, leading to speculation about what could happen to the ETH price.

One of the five planned upgrades, EIP-4895, is expected to unlock staked ETH and allow withdrawals, potentially leading to increased liquidity in the crypto market.

$25 billion of ETH has been staked since the Beacon Chain was launched and introduced staking to ETH in December, 2020.