Highlight of Lido

Modified on Mon, 06 Feb 2023 at 01:06 PM

Staking — The Lido platform lets users bet on Proof-Of-Stake (PoS) assets to get daily rewards. There is no minimum requirement for how many tokens players can bet.

Mint — Once ETH is staked to Lido, the depositor will get a 1:1 stETH (staked ETH) token instead of the deposited ETH token, which may be used to increase rewards across the DeFi ecosystem.

DeFi — Lido provides financial services that allow transactions without intermediaries. Allows you to earn greater returns from your staked assets. Additionally, tokens can be used to earn daily incentives. It also provides collateral for financing, agriculture, and other purposes.

Community — Create an organization called Lido DAO which is a community that provides liquidity and leads Lido due to the increasing number of DAO participants daily. Collaborate and support the development of Ethereum 2.0 or any other aspect of the future Lido ecosystem.

Lido establishes a more user-friendly ecosystem. Lido currently supports all five blockchains: Ethereum, Solana, Polygon, Polkadot, and Kusama with apps and services from around the world integrated into the ecosystem such as Stake Ether, Curve, MakerDao, AAVE, Ledger, SushiSwap Onsen, 1inch, FTX, Balancer, ImToken, Unslashed, MetaMask, MyEtherWallet, Argent, Yearn, TrustWallet, Zerion, Zapper, Harvest Finance, Gnosis Safe, Nexus Mutual, Babylon Finance and CoinGecko.

Learn more at Bitkub Blog

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