Lido Finance’s [LDO] tweet on 6 February highlighted the impressive growth of MakerDAO [MKR] and Aave’s [AAVE] lending pools on its protocol. Over the last week, MakerDAO’s steCRV experienced a surge of 636%, while Aave’s Wrapped stETH [wstETH] increased by 140%.

This growth can be attributed to several factors, including the growing number of ETH staked on the beacon chain through Lido.

In addition, Lido has also been offering an increasing number of rewards and incentives to attract more users. These efforts have led to a significant increase in TVL and deposits.

Over the last seven days, the overall TVL for Lido grew by 3.83%. It stood at $8.42 billion at press time, according to Defi Llama.

(By Suzuki Shillsalot)