{"id":9505,"date":"2022-03-22T13:58:44","date_gmt":"2022-03-22T13:58:44","guid":{"rendered":"https:\/\/nftandcrypto-news.com\/crypto\/eth-price-hits-3k-as-major-crypto-fund-adds-over-110m-ethereum-to-lidos-staking-pool\/"},"modified":"2022-03-22T13:58:46","modified_gmt":"2022-03-22T13:58:46","slug":"eth-price-hits-3k-as-major-crypto-fund-adds-over-110m-ethereum-to-lidos-staking-pool","status":"publish","type":"post","link":"https:\/\/nftandcrypto-news.com\/crypto\/eth-price-hits-3k-as-major-crypto-fund-adds-over-110m-ethereum-to-lidos-staking-pool\/","title":{"rendered":"ETH price hits $3K as major crypto fund adds over $110M Ethereum to Lido’s staking pool"},"content":{"rendered":"
Ethereum’s native token Ether (ETH)\u00a0rose above $3,000 on March 22 as fresh data suggests Three Arrows Capital staked at least $110 million worth of ETH into Lido’s liquidity pools.<\/p>\n
The Singapore-based hedge fund manager provided liquidity worth 36,401 ETH to Lido’s “Curve stETH pool” using a\u00a0third-party Ether wallet,\u00a0data from Etherscan shows. As a result, it became eligible to receive at least 36,401 stacked Ether (stETH) tokens from Lido: To ensure low slippage when un-staking those tokens for real ETH plus staking reward.<\/p>\n