Lido

Lido is a decentralized finance (DeFi) protocol offering liquid staking services for major proof-of-stake (PoS) blockchains, including Ethereum, Solana, and Polygon. With Lido, users can stake assets and receive tokenized representations of those assets, which can be freely traded or used within other DeFi platforms, all while continuing to earn staking rewards.

About Lido

Launched in 2020, Lido aims to solve the illiquidity issues associated with traditional staking. Through liquid staking, users can receive daily staking rewards without locking up their assets indefinitely. For example, users staking Ethereum receive stETH tokens, which can be used across various DeFi applications, providing flexibility and earning potential beyond traditional staking models.

Main Features

• Liquid Staking: Users can stake assets like ETH, SOL, or MATIC and receive tokenized versions (e.g., stETH, stSOL, stMATIC) that accrue staking rewards and can be utilized across DeFi platforms.
• DeFi Integration: The tokenized staked assets are compatible with DeFi protocols, allowing users to use them as collateral, earn additional yield, or participate in other financial activities.
• Accessibility: Lido allows users to stake any amount of supported tokens, making staking more accessible to a broader audience without minimum requirements.

Community and Governance

Lido is governed by LDO token holders, who participate in decision-making processes related to the protocol. This decentralized governance structure enables community members to influence protocol updates, fee structures, and other key parameters.

With its liquid staking solution and integration with various DeFi protocols, Lido provides a flexible way for users to earn staking rewards while retaining control and liquidity over their assets.