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The post Celsius Adds 428K st.ETH to Lido’s Withdrawal Queue appeared first on Coinpedia Fintech News
Celsius Company plans to retrieve its Ethereum (ETH) stash from the liquid staking platform, Lido. The stash, valued at $1,823, will be withdrawn in batches of 1K, totaling $784.7 million. Lido will burn st.ETH tokens while Celsius receives Ethereum. Currently, there are 141 withdrawal requests in the queue, totaling 442K st.ETH is valued at $808 million. So far, Dune Analytics shows that 629 ETH has been processed, with Celsius being the main contributor.
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