JustinSun's on-chain behavior stokes fear among Lido investors as...
This redemption of stETH by Justin Sun could cause uncertainty in the market going forward. According to Santiment’s data, the weighted sentiment around stETH had started to decline materially. This indicated that the crypto community had more negative than positive things to say about the token at press time.
Additionally, it was also observed that the network growth of stETH also fell significantly in the last few days, implying that new addresses were beginning to lose interest in the stETH token.At press time, however, the revenue generated by Lido and the activity on the protocol remained unaffected. According to Token terminals data, in the last week, the number of active users on the protocol increased by 40.6% causing a 2% uptick in the revenue generated by the protocol.
During rewards-share, participants earn rewards based on their stETH contributions and activities. The offboarding phase marks the end of participation. It can occur voluntarily, due to disqualification, by DAO vote, or when the rewards pool is depleted.
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