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ZKASINO applies to redeem over $30 million worth of STETH for ETH on LIDO.

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$ETH
$STETH
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May 15, 2024

ZKASINO applied to redeem 10,536 $STETH for $ETH through LIDO, worth over $30 million. According to on-chain analyst Yu Jin, ZKASINO applied to redeem 10,536 $STETH (worth approximately $31.56 million) for $ETH through LIDO, and these $STETH are expected to be redeemed for $ETH at a 1:1 ratio tomorrow. On the 21st of last month, ZKASINO deposited 10,515 $ETH from users into LIDO for yield farming, earning 22 $ETH in interest over 25 days.

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