Celsius Adds 428K st.ETH to Lido’s Withdrawal Queue – Coinpedia Fintech News

Celsius Company plans to retrieve its Ethereum (ETH) stash from the liquid staking platform, Lido. The stash, valued at $1,823, will be withdrawn in batches of 1K, totaling $784.7 million. Lido will burn st.ETH tokens while Celsius receives Ethereum. Currently, there are 141 withdrawal requests in the queue, totaling 442K st.ETH is valued at $808 million. So far, Dune Analytics shows that 629 ETH has been processed, with Celsius being the main contributor.

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