BTC

$66287.797

0.68%

ETH

$3188.131

0.03%

BNB

$605.49

2.06%

XRP

$0.545

2.32%

DeFi

Lido Adopts Proposal Increasing The Allowed APR For Oracle From 10% To 17.5%

November 14, 2022 - Around 1 mins mins to read
Lido adopted a proposal to increase the allowed APR for Oracle.
Lido Adopts Proposal Increasing The Allowed APR For Oracle From 10% To 17.5%

After the Oracle report, Lido ran afoul of a previously established 10% APR limit due to the extreme market conditions. The suggested modification would raise the permitted APR for Oracle reports from 10% to 17.5%.

As users anticipate producing more APR in the future, this surge in APR may serve as a trigger to rekindle interest in ETH and stETH.

Despite the volatile market, Lido Finance offered substantial APR to those staking their Ethereum. It is unclear whether the rise in APR would encourage more people to purchase Ethereum for staking, given that Ethereum has recently also been impacted by the decline in the cryptocurrency market.

At the time of writing, ETH is trading at $1255.

Lido Adopts Proposal Increasing The Allowed APR For Oracle From 10% To 17.5%
ETH daily chart. Source: Coincu

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

CoinCu News

APR

ETH

Lido

stETH

Avatar of Harold

Author

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.
DeFi

Lido Adopts Proposal Increasing The Allowed APR For Oracle From 10% To 17.5%

Lido adopted a proposal to increase the allowed APR for Oracle.
Lido Adopts Proposal Increasing The Allowed APR For Oracle From 10% To 17.5%

After the Oracle report, Lido ran afoul of a previously established 10% APR limit due to the extreme market conditions. The suggested modification would raise the permitted APR for Oracle reports from 10% to 17.5%.

As users anticipate producing more APR in the future, this surge in APR may serve as a trigger to rekindle interest in ETH and stETH.

Despite the volatile market, Lido Finance offered substantial APR to those staking their Ethereum. It is unclear whether the rise in APR would encourage more people to purchase Ethereum for staking, given that Ethereum has recently also been impacted by the decline in the cryptocurrency market.

At the time of writing, ETH is trading at $1255.

Lido Adopts Proposal Increasing The Allowed APR For Oracle From 10% To 17.5%
ETH daily chart. Source: Coincu

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Website: coincu.com

Harold

CoinCu News

Visited 55 times, 1 visit(s) today