Lido’s Seven-Day Average APR for stETH Climbs to 4.2% in Two Days

Lido’s seven-day average APR for stETH reached 4.2% after starting the two-day period at 2.2%, giving holders a higher displayed staking rate, SlowMist founder 余弦 said. In an Oct. 31 post, 余弦 linked the increase to more intense on-chain competition after what he described as a suspected theft at Binance. He said that competition raised Ethereum execution-layer rewards and benefited stETH holders. Lido’s APR is a displayed rate for its staking service, based on a rolling seven-day average.