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.

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Lido Staked ETH

The Defiant

Optimism (✨🔴_🔴✨)

Arbitrum (💙,🧡)

New to Lido on L2? 🖥️

Check out this guide by @DefiantNews for an ELI5 on how to get the most out of your staked ETH on @optimismFND and @arbitrum.

https://t.co/4KgyA8qmgI

New to Lido on L2.