• Official Website: lido.fi
  • Definition: Lido is a decentralized staking platform that allows users to stake their crypto assets and earn rewards.
  • Category: DeFi, Token.
  • What It Is: A platform for liquid staking, enabling users to stake assets like ETH while maintaining liquidity.
  • Function: Enables staking and provides staked tokens (e.g., stETH) that can be used in DeFi.
  • Analogy: Think of Lido as a digital savings account. You earn interest on your deposits while still being able to use your funds.
  • Pros: Liquid staking, strong DeFi integration, high rewards.
  • Cons: Smart contract risks, reliance on Ethereum’s success.
  • Controversies: Centralization concerns, regulatory scrutiny.

This page was last updated on January 28, 2025.