Lido (LDO)

What is Lido

Lido"s liquid staking allows using the st[token] in other trading opportunities to let the user get the best of both worlds - a reward on your staked tokens, as well as the returns from new trading opportunities. Liquid staking introduces various fundamental benefits by:

• Making staking process simple - no need to worry about hardware setup and maintenance;
• Making it possible to get rewards on as small a deposit as users want (i.e, Ethereum requires minimum 32 ETH staked);
• Providing the st[token] a building block for other applications and protocols (e.g., as collateral in lending or other trading DeFi solutions). Liquid staking gives an opportunity to maximize the potential while having the best of both worlds;
• Providing an alternative to or even encompassing exchange staking, solo staking, and other semi-custodial and decentralised protocols.

Ethereum is and remains a primary focus of Lido. That’s affected the organisational structure - the governance is implemented through ERC20 LDO token. Currently Lido supports several PoS networks - when staking native tokens with Lido, users will receive a st[token], which represents their [token] which represents their deposit and the rewards aggregated over time (penalties too).