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

Telegram

📈 Lido Analytics: Jan 02-09, 2023

TLDR:
- Staking deposits grew across all chains except Polkadot.
- About 1/3 of Balancer WETH/wstETH pool reserves were withdrawn with most going to Curve ETH/stETH pool.
- stETH/ETH rate hits 0.9917.
- Lido on Kusama hit 100k staked KSM.

https://twitter.com/LidoFinance/status/1612776042208411648

Lido Analytics: Jan 02-09, 2023. TLDR:. - Staking deposits grew across all chains except Polkadot.