What is Lido Dao?

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.

What you can do with Lido Dao?

• Participation in Ethereum network security with staking, without needing to lock assets or run a validator node.
• Use of stETH across DeFi for lending, borrowing, and yield farming, enabling liquidity and income generation from staked ETH.
• Governance participation in Lido DAO, allowing stETH holders to vote on proposals and influence the protocol's direction.
• Enhancement of DeFi strategies by using stETH as collateral or in liquidity pools, expanding investment opportunities.
• Supporting the decentralisation and security of the Ethereum network by broadening the base of stakers.

Frequently Asked Questions

What is Lido Dao?

Lido Dao is a decentralised liquid staking platform, primarily for Ethereum and other proof-of-stake blockchains.

What is staking on Lido?

Lido allows its users to stake crypto assets without locking them up by issuing derivative tokens like stETH (staked ETH), which can be used in DeFi applications.

How does Lido Dao generate revenue?

Lido generates revenue from the fees collected from users who use their platform to stake crypto. Validators earn staking rewards, and Lido takes a cut from them.

What are some use cases of Lido Dao?

Staked ETH issued from Lido can be used across DeFi for lending, borrowing, and yield farming, enabling liquidity and income generation from stETH.