SlowMist's Cos: Binance hack indirectly pushes up stETH yields, Lido's 7-day average APR rises to 4.2%.
Oct 31, 22:15
October 31: SlowMist founder Yu Xian posted that Lido's 7-day average APR has risen from 2.2% to 4.2% in the past two days. He pointed out that yesterday's Binance hack triggered fierce on-chain competition, which increased Ethereum execution layer rewards, and stETH holders also benefited from it.