Lido
About Lido
Lido is the largest liquid staking protocol, dominating Ethereum staking with over 28% of all staked ETH. Users stake ETH and receive stETH — a liquid staking token that accrues staking rewards daily and can be used across DeFi (lending, LPing, collateral). Lido's dominance has raised concerns about Ethereum's decentralisation, leading to internal discussions about self-limiting stake share.
Supported Networks
Key Features
- stETH liquid staking token
- Daily staking rewards accrual
- DeFi composability (use stETH as collateral)
- Distributed validator set
- Governance via LDO
- Withdrawal support
- Oracle-based rebase mechanism
Risks
- Validator slashing risk
- stETH de-peg risk in extreme markets
- Centralisation concerns (28%+ of stake)
- Smart contract risk
- Governance concentration
Community & Socials
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