Lido

What is Lido?

Lanched in December 2020, Lido is the leading liquid staking platform that enables users to earn interest on their cryptocurrencies across multiple blockchains. The Lido DAO governs the protocol, including choosing node operators and fees and ensuring security. When Lido users stake their assets on the platform, they receive a liquid token, like stETH, that can be used across decentralized finance (DeFi) applications and even staked for additional yield. Traditionally, staking assets means locking them up, but Lido maximizes user earning potential by allowing them to keep using the liquid tokens across DeFi. Lido is focused on Ethereum but also supports Solana, Kusama, Polkadot, Polygon, and Terra.