Crypto News

Over $21M in Solana locked on Lido’s DeFi, affecting thousands

Over $21M in Solana locked on Lido's DeFi

Lido, a large DeFi platform, has shut down its Solana services owing to a technical issue, rendering over $21 million in Solana inaccessible to users.

This issue has raised concerns and complaints among the DeFi community, as the platform’s Solana services have been disabled for over 31,585 users.

Despite the platform’s entire ecosystem worth more than $31 billion, its Solana services have fallen behind rivals, resulting in the closure.

The closure of Solana operations locked up 112,923.29 SOL, worth around $21 million. Lido acknowledged the decision as tough but important for the development of its larger ecology.


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