Lido DAO is a liquid staking protocol that allows users to stake tokens like ETH without locking assets or maintaining infrastructure. As the market leader in Ethereum liquid staking with over 33% of all staked ETH, Lido solves the dilemma between earning staking rewards and maintaining liquidity. The protocol issues stETH tokens that represent staked ETH plus accrued rewards, which can be used in various DeFi applications while the original ETH generates staking yields. Governed by a Decentralized Autonomous Organization (DAO), Lido has expanded beyond Ethereum to support staking on Solana, Polygon, Polkadot, and Kusama networks.
Launched: Dec 2020
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