Some $49 million worth of stETH has flowed into the vault since the ceiling was raised, data from tracking service Daistats shows. Staked ether is a token supplied to users who lock up ether on Lido, a staking service, and receive the stETH tokens in return. More than 245,377 stETH is locked on Maker, the data shows. Maker has a total value locked of $8.4 billion.
Source: https://www.coindesk.com/markets/2022/09/13/crypto-lender-maker-turns-to-staked-ether-to-reduce-usdc-influence/?utm_medium=referral&utm_source=rss&utm_campaign=headlines