About Lido DAO

Lido is a liquid staking platform that supports the Ethereum Beacon chain and is backed by top industry staking providers. It allows users to stake their ETH without needing to lock their assets or run any infrastructure, while still participating in on-chain activities such as lending. The main goal of Lido is to address issues like illiquidity, immobility, and limited accessibility associated with initial Beacon chain staking, by making staked ETH liquid and enabling participation regardless of the amount of ETH held, thereby enhancing the security of the Ethereum network. When users stake with Lido, they receive stETH tokens that are issued 1:1 to their original ETH deposit. These stETH tokens can be used like regular ETH — for earning rewards or lending — and are updated daily to refle...