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Crypto DeFi

Lido stETH 7-day average APR rises to 4.2% after Binance hack, SlowMist says

Lido’s 7-day average staking APR rose from 2.2% to 4.2% over the past two days, SlowMist founder Yu Xian said on Oct. 31. He attributed the increase to heightened on-chain competition following the Binance hack a day earlier, which lifted Ethereum execution-layer rewards and benefited stETH holders.

Original source

AI take

The move matters because it shows a security incident at a major exchange can transmit through validator economics rather than price alone: heightened on-chain competition lifted execution-layer rewards, and stETH holders captured that pass-through via the seven-day average. It is a reminder that staking yields are partly a function of adversarial or distressed on-chain activity, not just protocol design. The open question is whether the APR elevation persists once competition normalizes, or proves a transient spike tied to post-hack conditions.

Generated by AI for reference only.

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