Tag: Lido

Offering a staking solution for Ethereum 2.0, Lido provides liquidity for staked assets, including liquid Ethereum staking. The Lido ETH staking facilities offer users the opportunity to mint stETH tokens and freely use them throughout the Lido ecosystem. This includes popular decentralized finance (DeFi) protocols where users can earn yield on their tokens. The Lido decentralized autonomous organization (DAO) governs the Lido ecosystem and the project’s staking app. LDO tokens, the second token in the ecosystem, are crucial to the DAO. But, what is Lido doing to offer such competitive liquid ETH staking services? Also, how much control over the platform does the Lido DAO have? And, what is so important about the LDO token?