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CryptoIntelligence 2024-04-04 18:36:00

$24 Million in Staked Solana Locked on Lido Platform Due to Smart Contract Flaw

$24 Million in Staked Solana Locked on Lido Platform Due to Smart Contract Flaw

In a significant mishap on the Lido liquid-staking platform, approximately $24 million in tokenized staked Solana (stSOL) has been inadvertently trapped due to a glitch in the smart contract. This incident affects the Lido on Solana service, which had previously offered users a 5% yield on staked Solana before being phased out in October 2023 amidst financial viability concerns and minimal fees. Following the discontinuation of a user-friendly unstaking option in February, customers were left to navigate the complexities of the Solana command line interface (CLI) for unstaking their tokens. This technical hurdle proved daunting for many, as reflected in

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