Lido

Lido is a liquid staking solution for ETH backed by industry-leading staking providers. Lido lets users stake their ETH - without locking tokens or maintaining infrastructure - whilst participating in on-chain activities, e.g. lending.

Lido attempts to solve the problems associated with initial ETH staking - illiquidity, immovability and accessibility - making staked ETH liquid and allowing for participation with any amount of ETH to improve performance of the Ethereum network.

When staking with Lido, users receive stETH tokens which are issued 1:1 to their initial stake. stETH balances can be used like regular ETH to get and lending rewards, and are updated on a daily basis to reflect your ETH staking rewards, minus any penalties. Note that there are no lock-ups or minimum deposits when staking with Lido.

When using Lido, users receive staking rewards in real-time and they also could use staked tokens across the DeFi ecosystem to compound rewards.