Slow Fog Yuxian: Binance was hacked, indirectly pushing up stETH yields, Lido's 7-day average APR rose to 4.2%

The founder of Slow Fog, Yu Xian, stated that Lido's 7-day average APR has risen from 2.2% to 4.2% in the past two days.

He pointed out that yesterday's theft at Binance triggered fierce competition on-chain, resulting in increased rewards for the Ethereum execution layer, and stETH holders also benefited from this.