If you are interested in staking $100k or more, please contact us to obtain better fee conditions.
What is Lido?
Lido is a liquid staking solution for Ethereum and Polygon. It is backed by industry-leading staking providers such as Everstake, and others. One of the peculiarities of the Lido liquid staking is that it lets users stake their ETH – without locking assets or maintaining infrastructure – while participating in DeFi, e.g., lending. Lido attempts to solve the problems associated with initial PoS staking, including illiquidity, immovability, and accessibility, making staked ETH and MATIC liquid and allowing for participation with any amount of tokens to improve the security of the Ethereum and Polygon networks respectively.
Learn more about Lido on the official website.
Have questions about the liquid staking or Lido? Contact us via email for more details or book a call with our Lido Blockchain Manager to ask your questions in person.
faq
What is liquid staking?
+Liquid staking allows users to earn staking rewards while utilizing benefits of a liquid representation of their stake. For example, the liquid equivalent of ETH within Lido protocol is stETH, MATIC – stMATIC.
So liquid staking protocols allow users to earn staking rewards without locking assets or maintaining staking infrastructure. Users can deposit tokens and receive tradable liquid tokens in return. The DAO-controlled smart contract stakes these tokens using elected staking providers.
As users' funds are controlled by the DAO, staking providers never have direct access to the users' assets.
How does Lido work?
+Let’s consider how Lido liquid staking works with the example of the Ethereum network. When staking with Lido, users receive stETH tokens on a 1:1 basis representing their staked ETH. stETH can be used like regular ETH to earn yields and lending rewards and are updated daily 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 secure staking rewards in real-time, allowing for participation in securing Ethereum with fewer associated risks and less downside potential.
Learn more here.
Who are Node Operators (NO), and what role plays Everstake?
+The Node Operators (NOs) are entities who run validators on behalf of the protocol and receive fees in return. They manage a reliable, stable and secure infrastructure for operating nodes to benefit from the protocol. Within Lido, the Node Operators are professional staking providers who can ensure the safety of funds belonging to the protocol users and the correctness of validator operations.
Thus, Everstake is one of the trusted validators who runs validator nodes and participates in the Lido governance. Everstake is the biggest decentralized staking provider in the blockchain industry, trusted by 735,000 users. We have used enterprise-level hardware to run nodes for the most popular PoS blockchains since 2018.
All the Node Operators can be seen on the Lido Node Operator Dashboard.
Does Lido have its own token? Can I stake my LDO?
+Yes, it has – LDO. It is an Ethereum token granting governance rights in the Lido DAO. The Lido DAO governs a set of liquid staking protocols, decides on key protocol parameters (e.g., fees) and evolution, and executes protocol upgrades to ensure efficiency and stability.
By holding the LDO token, one is granted voting rights within the Lido DAO. The more LDO locked in a user’s voting contract, the greater the decision-making power the voter gets.
Currently, you cannot stake LDO. However, you can provide LDO as liquidity in respective liquidity mining programs (e.g., SushiSwap, 1inch).
For more details, see the Lido DAO Token (LDO) section on the Lido website.
What networks does Lido already support?
+Are there any staking guidelines?
+The Lido team has created step-by-step guides. Check the main below: