Lido is a decentralized finance (DeFi) platform that provides liquid staking services for several leading cryptocurrencies. By allowing users to stake their digital tokens while retaining liquidity, Lido addresses one of the primary limitations of traditional staking mechanisms. Users can participate in network security and consensus mechanisms, earning staking rewards in the process, without sacrificing their ability to trade or utilize their assets in the broader DeFi ecosystem.

Key Features:

Liquid Staking: Users can stake their digital tokens and receive staking derivatives, representing their staked assets plus earned rewards, which can be used across the DeFi ecosystem.

Multi-Chain Support: Lido supports liquid staking for a variety of blockchain networks, broadening the scope of assets eligible for staking.

Decentralized and Secure: The platform operates in a decentralized manner, ensuring security and transparency for its users.