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 Weekly Digest: August 01 - 08, 2022
 
Weekly special: new stDOT & stKSM pools.
 
TLDR:
- The DeFi market continues its recovery.
- Lido TVL grew across all networks.
- stETH/ETH exchange rate dropped due to swaps from stETH to ETH seen last week.

https://twitter.com/LidoFinance/status/1556733857042518018

Lido Weekly Digest: August 01 - 08, 2022. Weekly special: new stDOT & stKSM pools. TLDR:.