Lido
lido.fiEmpowering and securing Ethereum since 2020
Finance & Fintechliquid-stakingethereumdefistakingdaoweb3blockchain
About
Lido is a liquid staking protocol for Ethereum that allows users to stake ETH and receive stETH, a liquid token representing their staked position. Users earn staking rewards while retaining the ability to trade or use stETH as collateral in DeFi protocols. The protocol is governed by the Lido DAO and operated by a decentralized network of 900+ node operators worldwide.
Problem
ETH holders cannot easily stake and earn rewards while also maintaining liquidity and access to DeFi opportunities.
For
Ethereum holders seeking staking rewards without locking up liquidity
How it works
Users deposit ETH into the Lido protocol and receive stETH tokens representing their staked position, which accrue rewards and can be used across DeFi integrations.
Business model
free
Status
launched
Company
Lido DAO
Launched
2020