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ETH 
LDO 
TRX On-chain data shows that Sun Yuchen makes an annual profit of US$9.5 million through Lido\'s pledge of Ethereum.
According to the latest report from On-chain analysis agency Onchain Lens, Sun Yuchen, founder of TRX, pledged Ethereum (ETH) through the liquidity pledge agreement Lido (LDO), which can earn approximately US$9.5 million per year. This figure highlights the huge passive income available to large verifiers in the proof-of-stake ecosystem.
Pledge activities and holdings
Onchain Lens pointed out that Sun Yuchen added another pledge of 13,000 ETH about 23 hours ago, worth approximately US$23.08 million. This latest deposit brings its total pledge on Lido to 247,436 stETH, which is currently worth approximately US$430.2 million. Since February 2023, Sun Yuchen\'s cumulative pledge rewards have reached 11,307 stETH, or approximately US$26.82 million.
Market Impact
Sun Yuchen\'s continued increase in holdings and pledge ETH reflects the broad trend of high-net-worth individuals and institutional investors seeking income opportunities in the decentralized finance (DeFi) field. By using Lido, Sun Yuchen gained liquidity with the help of stETH-stETH represents the ETH he pledged, which can be used in multiple DeFi protocols while still earning pledge rewards.
What it means for investors
The high pledge activities of well-known figures like Sun Yuchen provide a real case for the potential return of ETH pledge. For retail investors, this demonstrates the size of operations for large holders and the compound interest effect of rewards accumulating over time. At the same time, it also consolidates Lido\'s position as a leading liquidity pledge platform-it controls a significant share of all pledged ETH.
Conclusion
After verification by online data, Sun Yuchen earned an annual income of US$9.5 million through Ethereum Pledge. This case vividly demonstrated the profitability of Ethereum Pledge. As the network continues to mature, such data points will continue to be of great value in understanding capital flows and revenue dynamics in the crypto economy.
FAQs
Q1: How much ETH did Sun Yuchen pledge on Lido?
According to Onchain Lens data, Sun Yuchen pledged a total of 247,436 stETH on Lido, worth approximately US$430.2 million.
Q2: How much income does he expect to earn each year through the pledge?
Based on the current ETH price and pledge interest rate, his pledge rewards generate approximately US$9.5 million per year.
Q3: Why did he choose Lido instead of direct pledge?
Lido provides liquidity pledge, which means that the stETH tokens obtained by Sun Yuchen can be traded or used in other DeFi applications while still earning pledge rewards, thereby achieving higher capital efficiency.
