stETH (Lido)

Lido is the leading liquid staking solution on Ethereum that enables users to earn rewards on their digital tokens while keeping them liquid and accessible for use in DeFi applications. With Lido, users can stake their tokens and receive stETH, which represent their deposit and aggregated rewards over time. These stETH tokens are freely transferable, allowing users to leverage their staked tokens in collateralization, lending, farming, and other DeFi protocols. Lido operates through a staking pool and a protocol managed by a decentralized autonomous organization (DAO) responsible for selecting node operators, configuring protocol parameters, and ensuring the protocol's integrity.