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 Weekly Digest: August 08 - 15, 2022
 
Weekly special: Lido on Polygon.
 
TLDR:
- DeFi market TVL is flat despite ETH price growth of last week.
- Lido TVL grew across all networks.
- stETH/ETH exchange rate rose due to high stETH demand on Curve.

https://twitter.com/LidoFinance/status/1559272076418207744

Lido Weekly Digest: August 08 - 15, 2022. Weekly special: Lido on Polygon. TLDR:.