Justin Sun stakes 13,000 ETH on Lido, lifting stETH holdings to $430.2 million

Justin Sun added another 13,000 ETH to Lido Finance, a staking protocol (locking crypto to earn rewards), in a transaction flagged by Onchain Lens 23 hours ago. The deposit was worth about $23.08 million and raised his total position to 247,436 stETH, valued at about $430.2 million. Since February 2023, the holdings have generated 11,307 stETH in staking rewards worth about $26.82 million, implying roughly $9.5 million in annualized yield at current levels. The figures highlight how large holders can use liquid staking to keep exposure to Ether while earning network rewards through a tokenized claim on staked assets.

The information on this website is generated using AI and we cannot guarantee its accuracy. Please use it as reference information only.