A faulty smart contract has unintentionally locked up to $24 million in tokenized staked Solana (stSOL) on the liquid-staking platform Lido. The platform, which once allowed users to stake any amount of Solana (SOL) for a 5% yield, was sunset in October last year due to unsustainable financials and low fees. Users have been struggling to unstake their Solana through Solana's command line interface (CLI), with some claiming the process is too complicated or encountering unknown errors. Pavel Pavlov, a product manager at P2P Validator, revealed in a Discord message that there is an issue with the smart contract behind the withdrawal function. The team is now reaching out to the Lido DAO to potentially change the smart contract and exploring workarounds that do not require changes in the contract.
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