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

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The vote to enable wstETH bridging to @arbitrum and @optimismFND has passed 🏝️

https://t.co/LP4qYXqLqj

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The vote to enable wstETH bridging to Arbitrum and Optimism has passed 🏝️

https://twitter.com/LidoFinance/status/1569349889628454913

The vote to enable wstETH bridging to Arbitrum and Optimism has passed.