Liquid staking protocol Lido Finance recorded its highest daily stake inflow on Saturday, with more than 150,000 ether (ETH) staked on the platform.

Money is returning to crypto markets faster than it is leaving as capital flows turn green again for the first time in nine months.

Liquid staking protocol Lido Finance has pushed the big red button in order to activate a protocol safety feature called "Staking Rate Limit" after more than 150,000 Ether was staked with the protocol in a single day. Lido is a liquid staking solution for digital assets, in this case allowing users to stake Ether without needing to lock their tokens. When a user deposits Ether, Lido issues them a liquid variant of ETH, known as staked ETH (stETH), giving users staking rewards for each day the tokens are held in their wallets. According to the liquid staking protocol's Feb. 25 tweet, the "dynamic mechanism” was activated after the daily staking limit of 150,000 Ether was reached. (Cointelegraph)

Lookonchain @lookonchain on Twitter: "Justin Sun staked 10,000 $ETH($16M) on @LidoFinance again just now. He currently staked 200,100 $ETH ($320M). And he received an income of 18.68 $ ETH within 24 hours, the APY is ~3.6%." 

Lido Finance said Saturday that it saw the largest daily stake inflow ever on the protocol, with over 150,000 ether worth almost $240 million staked.

Lido Finance is one of the most well-known projects in the crypto ecosystem and become an inspiration for most of the projects around the space.

Last week’s SEC’s crackdown on the Kraken exchange and the shutdown of its crypto staking services set a new precedence for the agency’s enforcement in the crypto space. Now, the DeFi space could face similar challenges ahead. The world’s largest DeFi application for crypto staking – Lido Finance – has expressed concerns and challenges ahead in the wake of SEC’s crackdown. Initial reports suggested that decentralized crypto-staking platforms like Lido Finance could benefit from SEC’s crackdown. However, that seems to be entirely the case. (coingape)

Lido Finance’s [LDO] tweet on 6 February highlighted the impressive growth of MakerDAO [MKR] and Aave’s [AAVE] lending pools on its protocol. Over the last week, MakerDAO’s steCRV experienced a surge of 636%, while Aave’s Wrapped stETH [wstETH] increased by 140%.

The world’s largest liquid staking platform, Lido, has hit a new milestone for the amount of staked Ethereum. An upcoming Ethereum upgrade will allow the testing of staking reward withdrawals.

The bear cycle caused a lot of downturns in many sectors of the We3 industry including DeFi. However, following the ongoing so-called ‘mini bull run,’ we’ve seen DeFi TVL start to recover from the lower lows and surge by nearly 20% since the beginning of the year.