Lido DAO

Lido DAO Product Introduction

• Overview: Lido DAO is a decentralized autonomous organization (DAO) focused on providing staking infrastructure for multiple blockchain networks. Its core product is a liquid staking solution for Ethereum, allowing users to stake ETH while maintaining asset liquidity by receiving stETH (Lido staked ETH) tokens as a representation of their staked assets and rewards.
• Technology and Features: The Lido protocol operates on the Ethereum network via smart contracts, handling user deposits, distributing staking rewards, and more. Its innovative technology includes the use of Distributed Validator Technology (DVT) through solutions like Obol and SSV Network to reduce technical and operational risks for validators. Validators are managed by clusters of Node Operators, including professionals and solo stakers, working collaboratively.
• Node Operators: Lido protocol supports a wide range of independent Node Operators, including those operating through permissioned and permissionless modules, from professional teams to home stakers, enhancing the network’s decentralization. Network performance is strong, with an average efficiency rate of approximately 97.32%.
• Governance and Security: Lido DAO implements decentralized governance through its native token, LDO, enabling holders to participate in proposals and vote on key decisions. The platform’s security is ensured by audited code and smart contracts, with multiple third-party security firms conducting vulnerability assessments and fixes.
• Advantages: Lido’s liquid staking solution allows users to earn staking rewards without locking their assets, lowering the entry barrier for Ethereum 2.0 staking (e.g., no minimum requirement of 32 ETH), while stETH can be freely used and circulated within the DeFi ecosystem.
• Mission: Lido aims to simplify Ethereum staking, ensuring its security and decentralization, and providing users with a seamless staking experience.