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.

LDO news today, Lido DAO crypto latest news of token ticker

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.

Lido Staked ETH news today, stETH crypto latest news of token ticker

Lido Staked ETH

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📈 Lido Analytics: Dec 26, 2022 - Jan 02, 2023

TLDR:
- Lido staking deposits increased across all chains except Solana over the last week.
- ETH price increased by 1.2% today pushing Lido into the number 1 DeFi TVL protocol.
- Lido's L2 TVL reached 37,081 wstETH (7d: +11.03%).

https://twitter.com/LidoFinance/status/1609996409146589197

Lido Analytics: Dec 26, 2022 - Jan 02, 2023. TLDR:.