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Lido — bets and daily rewards logo

Lido — bets and daily rewards

Total Users
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Volume
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Contract Balance
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Category
Finance
Blockchain
Ethereum
Official links

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What is Lido — bets and daily rewards?

Put ETH together with Lido and keep the tokens in liquidity. Add ether to the smart contract and receive stETH tokens in return. You receive a staking reward for every day you store these tokens in your wallet. They are completely liquid, so you can use them for your needs at any time - trade, sell, exchange, invest in DeFi projects, etc.

Contents:

Lido дапп

Project description

Lido — an ETH 2.0 betting solution, supported by leading betting providers. Lido allows users to stake their ETH without blocking assets or maintaining infrastructure while participating in network operations such as lending. The Ethereum 2.0 protocol allows betting in multiples of 32 ETH.

Lido — a more flexible and convenient solution than a stand-alone bet or exchange. With Lido, you can stake any number of tokens you have and earn rewards even on small deposits.Lido

StETH tokens serve as the building block for new and existing Ethereum applications and protocols. For example, you can use it as collateral for loan services or other DeFi trading solutions.

How the project works:

Step 1 Deposit any amount of ETH into the Lido liquid betting protocol.
Step 2 Receive the same amount of stETH tokens in return and receive staking rewards.
Step 3 Use stETH tokens in DeFi and have complete control over your funds.
Step 4 Exchange stETH for ETH tokens when the second phase of Ethereum 2.0 begins. This will be possible when transfers to Ethereum 2.0 are available.

With Lido, users receive safe staking rewards in real time, allowing them to participate in securing Ethereum with less associated risks and less potential for loss.

Additional information

The site does not have a WhitePaper document, but there is a large section with answers to questions. Also, you can study the information on the main page and in the blog. The community actively maintains social networks: twitter, telegram, discord. Subscribe to find out about all news.

Lido is a reliable staking solution for a number of reasons:

  • open source and constant review of all code;
  • a committee of selected, best-in-class validators to minimize the risk of staking;
  • use of non-custodial staking to eliminate counterparty risk;
  • using DAO for making management decisions and managing risk factors.

Typically, when staking ETH, you choose only one validator. With Lido, you are betting on multiple validators, minimizing the risk of betting.

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