Lido DAO is a digital asset staking platform that helps to lower the Ethereum 2.0 entry barrier. The protocol allows you to deposit coins into a staking contract and receive in return an equal amount of "derivative" tokens that provide liquidity to the invested assets. Thus, the user can continue using cryptocurrencies blocked in the staking contract for financial transactions. For example, to deposit them into liquidity pools.

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Lido DAO

stETH (Lido Staked ETH) is an ERC—20 standard token built on the Ethereum network. Lido Finance is a platform for liquid cryptocurrency staking, that is, for depositing coins into a staking contract and receiving "derivative" tokens that provide liquidity of invested assets.

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Lido Staked ETH

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Lido Staked Matic

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As of August 1st, 2023, development and operation support for Lido on Polkadot and Kusama will be discontinued. 

To learn more about the process and timeline, please see https://t.co/7WmdnRhFPm.

Telegram

As of August 1st, 2023, development and operation support for Lido on Polkadot and Kusama will be discontinued. 

More info about the process and timeline below: 

https://twitter.com/LidoFinance/status/1641020418717827073