Lido is a decentralized staking platform for Ethereum, offering liquid ETH staking with no minimum deposit. More
| Fully Diluted Valuation | $37.69B |
|---|---|
| 24H Trading Volume | $35.58M |
| 24H Low / High | $4.20 K / $ 4.31 K |
| Circulating Supply | 8.83 M |
| Total Supply | 8.83 M |
| Max Supply | ∞ |
| Categories | Decentralized Finance (DeFi) 4 more |
|---|---|
| Founder | Konstantin Lomashuk 2 more |
| Website | lido.fi |
| Socials | 3 more |
| Chains | Ethereum Ecosystem |
| Explorer | Dex 3 more |
| Contracts |
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| Name | Pair | OG Score |
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Lido, launched in December 2020, has emerged as a pioneering liquid staking solution in the cryptocurrency space, particularly for Ethereum, while also extending its services to other networks like Polygon and Solana. The platform revolutionizes the traditional staking process by addressing major challenges such as illiquidity, immovability, and limited accessibility. Primarily built on Ethereum 2.0’s Beacon chain, Lido enables users to stake their ETH and receive staking rewards without locking Ether in smart contracts or managing staking infrastructure. This innovation is encapsulated in its stETH token, a liquid staking derivative that mirrors the value of staked ETH 1:1, thereby offering the flexibility to use it across various DeFi products just like ETH.
The key to Lido's functionality lies in its unique approach to staking. Users deposit ETH into smart contracts on the Lido platform, which are then staked on ETH 2.0 by node operators in batches of 32 ETH. The amount of stETH received is proportional to the staked ETH, with a 10% fee charged on accumulated staking rewards, supporting both node operators and the Lido Treasury. Governance of the platform is overseen by the Lido DAO (Decentralized Autonomous Organization), built on the Aragon framework. The DAO, guided by governance token (LDO) holders, plays a crucial role in decision-making processes like setting fees, selecting node operators, and directing the use of service fees for purposes like insurance, research, and protocol upgrades.
Lido stands out for its strategic implementation of decentralized governance and risk minimization. By allowing users to stake across multiple validators, the platform significantly reduces risks and potential malicious attacks. Additionally, stETH, representing staked ETH, provides enhanced liquidity compared to traditional staking. It can be traded, lent, or used as collateral in DeFi applications, offering a flexible and liquid investment option. Lido's approach not only simplifies participation in Ethereum's PoS consensus mechanism without minimum staking requirements but also maximizes staking rewards by leveraging a diverse set of validators, thereby presenting a compelling and innovative solution in the DeFi ecosystem.
Lido Staked Ether (stETH) uniquely allows users to earn staking rewards on Ethereum tokens without active participation, maintaining liquidity and tradability on decentralized exchanges.
Lido Staked Ether was founded in late 2020 by Konstantin Lomashuk, Vasiliy Shapovalov, and Jordan Fish, known as Cobie online.
Lido Staked Ether has garnered support from Paradigm, a16z Crypto, Three Arrows Capital, Lido DAO and other investors and partners.
You can buy Lido Staked Ether (STETH) on OKX, Bitget, Gate.ioBybitMEXC cryptocurrency exchanges.
