Lido Overview
- What is Lido?
Lido is a leading liquid staking platform that allows users to earn interest on their cryptocurrencies across multiple blockchains. Lido issues staked tokens (e.g. stETH) in return for the original assets, which can used across the DeFi ecosystem for trading, lending, and other activities to earn more rewards. The protocol is governed by the Lido DAO, which selects node operators, determines fees, and ensures security.
- Main Features
- Liquidity for staked tokensDistributes a corresponding staked token (stToken)Support for multiple networks (Ethereum, Polygon, Layer 2)Secure staking and earning rewardsOpportunity for passive income
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Frequently asked questions
- Visit the Lido website and choose the Ethereum network.
- Stake any amount of ETH by submitting your tokens.
- Once staked, you will start receiving daily staking rewards in the form of stETH.
- You can use your stETH across the DeFi ecosystem and Layer 2 solutions.
- Lido offers liquidity for staked tokens, allowing you to sell your stETH at any time without waiting for an unbounding period.
- Keep in mind that specific activities such as unstaking and selling stETH can lead to disqualification from the rewards-share program.
Lido V2 provides liquidity for staked tokens by allowing users to stake their tokens and receive liquid staking tokens in return. These liquid staking tokens, such as stETH for Ethereum or stMATIC for Polygon, represent the staked tokens and can be freely traded and used in various DeFi protocols. Users can sell their staked tokens without any lockups, providing them with instant liquidity. Additionally, the liquid staking tokens can be used as collateral in DeFi protocols, allowing users to participate in lending, borrowing, and liquidity mining activities while still earning staking rewards.
Lido V2 supports the Ethereum, Polygon, and several Layer 2 networks.
Staking with Lido V2 is secure. Lido V2 offers decentralized security through diversification across professional providers.
The rewards for staking with Lido V2 vary depending on the network. For Ethereum, the APR (Annual Percentage Rate) is 3.7%, with a total of $678,728,794 in rewards paid. For Polygon, the APR is 4.2%, with $74,634,970 staked. Additionally, Lido offers a tiered rewards program for participants based on the total cumulative ETH staked, ranging from 30% to 50% revenue share.
To stake tokens on the Ethereum network with Lido V2, you need to follow these steps:
For more information and a comprehensive understanding of the Tiered Rewards-Share Program, you can visit the Lido Governance Proposal and review Lido's Terms of Use before joining the program.
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