Ethereum Whale Move? Justin Sun Pours $100M into Lido Staking

- Justin Sun stakes $100 million worth of ETH - Utilization of stETH through Lido protocol [Unblock Media] Justin Sun, the founder of TRON, recently staked Ethereum (ETH) worth $100 million (approximately 130 billion KRW) through the Lido liquid staking protocol. This move provides a way to maintain the liquidity of ETH while utilizing its value through Lido's liquid staking protocol. Lido is a liquid staking protocol that enables users to stake ETH while retaining liquidity. When users stake ETH on Lido, they receive stETH tokens of equivalent value in return, which can be utilized in other DeFi (decentralized finance) protocols. The stETH tokens can be used in the same way when earning interest or taking loans through DeFi protocols, featuring liquidity. Providing stETH to a liquidity pool can generate income from liquidity provision. ETH staking plays a crucial role in strengthening network security. The more assets are staked, the higher the security of the Ethereum network, enabling a more robust verification system. Justin Sun's $100 million ETH staking significantly impacts Ethereum's interaction and liquidity maintenance, likely leading to more active DeFi utilization focusing on liquidity maintenance by users.