Lido Finance, a decentralized finance (DeFi) protocol, yesterday announced a record daily inflow of deposits of 150,000 ETH. This is the highest amount ever recorded in a single day for the protocol, and is nearly double the amount of deposits seen over the past week.
The surge in deposits comes as DeFi protocols continue to gain popularity among crypto investors, who are drawn to the potential for high yield returns and access to a variety of financial products.
Lido is a multi-chain DeFi protocol that enables users to deposit and lend their assets to earn yield, providing liquidity to the network. The protocol is built on Ethereum and is interoperable with other leading blockchains such as Polkadot and Cosmos.
The surge in deposits is a testament to the growing popularity of DeFi products and the trust that users have placed in Lido’s platform.
