Satoshi

2024

Solana

Million

April

<ul class="news-points"> 
 <li>According to Satoshi Club, over $20M of SOL remains locked on Lido’s protocol.</li> 
 <li>Lido formally ceased support for Solana on February 4.</li> 
 <li>Pavel Pavlov noted that the complication stems from a glitch in Lido’s smart contract.</li> 
</ul> 
According to Satoshi Club, a crypto news broadcaster on X, over $20 million of SOL remains locked on Lido after its service discontinuation for Solana. In a recent post, the broadcaster noted that Lido formally ceased support for Solana on February 4, yet 112,923.29 SOL remains locked, affecting 31,585 users. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;"> Users struggle to withdraw <a href="https://twitter.com/hashtag/Solana?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Solana</a> from Lido's staking protocol after service discontinuation. Lido formally ceased support on February 4, yet 112,923.29 SOL remains locked, affecting 31,585 users. The valuation of locked <a href="https://twitter.com/search?q=%24SOL&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$SOL</a> is approximately $21 million. <a href="https://t.co/qjoyoxdZU1" target="_blank" rel="nofollow">pic.twitter.com/qjoyoxdZU1</a>— Satoshi Club (@esatoshiclub) <a href="https://twitter.com/esatoshiclub/status/1775425504675577938?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">April 3, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
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</figure> 
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 <a href="https://coinedition.com/over-20-million-worth-of-sol-locked-in-lidos-staking-protocol/">Over $20 Million Worth of SOL Locked in Lido’s Staking Protocol</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Over $20 Million Worth of SOL Locked in Lido’s Staking Protocol

Coin Edition

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