BREAKING NEWS

04.October 2022

Lido Finance with $19.1B in TVL, Edges out Curve as the Largest DeFi Protocol

Share on facebook
Share on twitter
Share on linkedin
Share on vk
Share on whatsapp

Summary:

Lido’s vision is ‘to build a staking solution that is fully permissionless and risk-free for the blockchain itself.’ The current roadmap of the project includes adopting Distributed Validator technology and creating additional checks and balances on Lido’s governance. The latter includes directly empowering stETH holders to veto any decisions that will be made on the protocol.

stETH accrues staking rewards regardless of where it is acquired. This means that regardless of whether you acquire stETH directly from staking via stake.lido.fi, purchase stETH from 1inch or receive it from a friend, it will rebase daily to reflect Ethereum staking rewards.

This nullifies the downsides from staking into the Eth2 contract directly: illiquidity, immovability, inaccessibility. Instead of locking up your staked ETH, Lido allows you to put it to use so you don’t need to choose between Ethereum staking and DeFi participation.

source

Author Infomation

Recent News

Related News

Leave a Reply

Your email address will not be published. Required fields are marked *