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

Lido wstETH finance today, WSTETH crypto latest news of token ticker

Lido wstETH

Lido Staked Matic (stMATIC) news

Lido Staked Matic

Lido Staked SOL today, stSOL crypto latest news of token ticker

Lido Staked SOL

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If you see Lido as a coordination layer between stakers and node operators - which it is - it is extremely effective in reducing staking layer centralization and increasing Nakamoto coefficient.

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