Aug 2, 04:08 AM

Acala Network Launches JitoSOL Staking Pool, Attracts Nearly $200K in 24 Hours with 190% APR; Lido Finance Enters Market

Acala Network has launched the JitoSOL single-sided staking pool on its Euphrates platform, marking the first integration of Liquid Staking Tokens (LSTs) on the network. The pool has quickly attracted nearly $200,000 in total value locked (TVL) within the first 24 hours, boasting an annual percentage rate (APR) of approximately 190%. Early depositors are expected to benefit from some of the most competitive rates available as deposits continue to increase. Additionally, Lido Finance, the largest Ethereum and Polygon staking platform with over $30 billion in total value locked, has announced its entry into the liquid staking market aimed at institutional clients, further expanding the landscape for liquid staking solutions.

#Acala Network #Euphrates #Liquid Staking Tokens #Lido Finance #Ethereum #Polygon

Written with ChatGPT (GPT-4o mini).