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.
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.
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