- 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.
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This page was last updated on January 28, 2025.
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