Lido on Ethereum is a groundbreaking protocol that offers liquid staking for ETH, allowing users to earn staking rewards without locking up their assets or giving up liquidity. Through Lido, users can stake their ETH and receive stETH in return, representing their staked ETH plus accruing rewards, enabling participation in Ethereum's security and consensus without sacrificing asset fluidity. This stETH can then be utilised across various DeFi platforms, allowing for compounded yield strategies and increased capital efficiency. The Lido DAO governs the protocol, ensuring a decentralised and user-centric development path. This innovative approach not only democratises staking access but also integrates DeFi functionalities, pushing the Ethereum ecosystem towards greater scalability and utility,
Lido on Ethereum is a groundbreaking protocol that offers liquid staking for ETH, allowing users to earn staking rewards without locking up their assets or giving up liquidity. Through Lido, users can stake their ETH and receive stETH in return, representing their staked ETH plus accruing rewards, enabling participation in Ethereum's security and consensus without sacrificing asset fluidity. This stETH can then be utilised across various DeFi platforms, allowing for compounded yield strategies and increased capital efficiency. The Lido DAO governs the protocol, ensuring a decentralised and user-centric development path. This innovative approach not only democratises staking access but also integrates DeFi functionalities, pushing the Ethereum ecosystem towards greater scalability and utility,