The additional deposit, flagged by Onchain Lens, brings the position to 247,436 stETH and has produced 11,307 stETH in rewards since February 2023.
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.