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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I want to address the recent announcements related to wstETH deployments on new networks (Base, zkSync, BNB, Avalanche and Scroll).

None of these implementations are formally accepted by Lido DAO yet. It requires them to be voted in.

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To help provide clarity for the bridge providers and the community reviewing proposals, Lido's network expansion workgroup released a set of guidelines which can assist with preparing a proposal:
https://t.co/bzuueavMOQ