The liquid staking platform Lido has surpassed 6 million ether (ETH) in deposits, as investors seek to take advantage of the benefits of staking without sacrificing liquidity. The platform has seen a significant increase in deposits in recent weeks, with the recent Ethereum network upgrade in Shanghai cited as a key factor driving investor interest.

Lido is a decentralized platform that allows users to stake their ETH and earn rewards in return. Staking is a process used to help secure blockchain networks, and involves users locking up their digital assets in exchange for rewards. However, staking can also limit users' ability to access and trade their assets, as the assets are locked up for a certain period of time.

Lido aims to address this issue by offering a liquid staking solution, which allows users to stake their assets and earn rewards while also retaining the ability to trade and access their assets. The platform has gained popularity among investors who want to take advantage of the benefits of staking without sacrificing liquidity.

(By Krisztian Sandor)