Over $20 Million Worth of SOL Locked in Lido’s Staking Protocol
- According to Satoshi Club, over $20M of SOL remains locked on Lido’s protocol.
- Lido formally ceased support for Solana on February 4.
- Pavel Pavlov noted that the complication stems from a glitch in Lido’s smart contract.
According to Satoshi Club, a crypto news broadcaster on X, over $20 million of SOL remains locked on Lido after its service discontinuation for Solana. In a recent post, the broadcaster noted that Lido formally ceased support for Solana on February 4, yet 112,923.29 SOL remains locked, affecting 31,585 users.
— Satoshi Club (@esatoshiclub) April 3, 2024
Users struggle to withdraw #Solana from Lido's staking protocol after service discontinuation.
Lido formally ceased support on February 4, yet 112,923.29 SOL remains locked, affecting 31,585 users.
The valuation of locked $SOL is approximately $21 million. pic.twitter.com/qjoyoxdZU1
Lido reportedly discontinued services for Solana following a glitch within its smart contracts. As a result, users who staked SOL on the platform couldn’t withdraw their assets. According to recent revelations, the inability of users to withdraw their staked SOL on Lido is due to newly identified bugs.
P…
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Over $20 Million Worth of SOL Locked in Lido’s Staking Protocol
- According to Satoshi Club, over $20M of SOL remains locked on Lido’s protocol.
- Lido formally ceased support for Solana on February 4.
- Pavel Pavlov noted that the complication stems from a glitch in Lido’s smart contract.
According to Satoshi Club, a crypto news broadcaster on X, over $20 million of SOL remains locked on Lido after its service discontinuation for Solana. In a recent post, the broadcaster noted that Lido formally ceased support for Solana on February 4, yet 112,923.29 SOL remains locked, affecting 31,585 users.
— Satoshi Club (@esatoshiclub) April 3, 2024
Lido formally ceased support on February 4, yet 112,923.29 SOL remains locked, affecting 31,585 users.
The valuation of locked $SOL is approximately $21 million. pic.twitter.com/qjoyoxdZU1
Lido reportedly discontinued services for Solana following a glitch within its smart contracts. As a result, users who staked SOL on the platform couldn’t withdraw their assets. According to recent revelations, the inability of users to withdraw their staked SOL on Lido is due to newly identified bugs.
P…
The post Over $20 Million Worth of SOL Locked in Lido’s Staking Protocol appeared first on Coin Edition.
Read More