Lido Staked Ether

Lido is an ETH 2.0 liquidity staking solution backed by industry-leading staking providers. Lido enables users to stake their ETH while participating in on-chain activities such as lending — without locking up assets and maintaining infrastructure. Its goal is to address issues associated with initial ETH 2.0 staking, such as: illiquidity, immovability, and accessibility.

Lido makes staking ETH liquid and allows participation with any amount of ETH to increase the security of the Ethereum network. The stETH token is an Ethereum collateralized token on Lido, the building block of Ethereum applications and protocols.