Lido said MetaMask Staking is close to completing the exit process for its Lido validators after precautionary steps were taken in response to an infrastructure security incident. According to Lido, no new issues emerged during the validator exit, and the related ETH is set to re-enter Lido gradually over the coming weeks. Lido also said the current annual percentage rate for stETH is 2.23%.
MetaMask had said earlier that the incident affected part of its infrastructure, but it did not identify any immediate threat to MetaMask wallets. The company also said its staking service operates on a non-custodial basis, meaning it does not hold customers’ withdrawal keys. The update ties together the validator exit status, the expected timeline for ETH to move back into Lido, and the latest yield figure disclosed for stETH.
Lido said MetaMask Staking is nearing completion of the exit process for its Lido validators after precautionary measures were taken following an infrastructure security incident.
Lido said no new issues were identified during the exit process, and the related ETH will gradually re-enter Lido over the coming weeks. The current stETH APR is 2.23%.
MetaMask had said earlier that the incident affected part of its infrastructure, but it had not found any immediate threat to MetaMask wallets. MetaMask also said its staking business is non-custodial and that it does not hold customers’ withdrawal keys.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
