World Liberty Financial Stakes $33 Million Worth of Ethereum in Lido

Source
JH Kim

Summary

  • World Liberty Financial has announced that it is staking approximately $33 million worth of Ethereum in Lido.
  • This amount places them in the top 0.1% of stETH holders.
  • It is noteworthy that institutional investors' participation in Lido staking is increasing.

Blockchain data analysis firm Arkam reported on the 22nd (local time) via X (formerly Twitter) that "the DeFi protocol World Liberty Financial (WLFI), led by the Trump family, is staking approximately 10,000 Ethereum (ETH, about $33 million) on the cryptocurrency staking platform Lido (LDO)." They added, "This places them in the top 0.1% of institutional investors holding stETH in Lido staking."

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JH Kim

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