Launched Jul 2, 2021 · 5 years 1 month ago
Lido is the largest liquid-staking protocol in crypto, best known on Ethereum. Staking normally means locking up your ETH to help secure the network and earn rewards — but that locked ETH can't be used for anything else. Lido solves this by giving you stETH, a token representing your staked ETH that keeps earning staking rewards while remaining liquid and usable across DeFi for lending, trading or collateral.
This made staking accessible to people who don't want to run their own validator or lock up funds, and stETH became one of the most widely used assets in all of DeFi. Lido spreads the actual staking across a curated set of professional node operators to reduce single-point risk. The LDO token governs the protocol, including operator selection and fee parameters.
Because Lido controls such a large share of staked ETH, the community also debates its influence on Ethereum's decentralization — an important context point for anyone evaluating it. For newcomers, Lido is the simplest way to earn staking rewards while keeping your ETH flexible.
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