Lido Finance - Liquid Staking | Ethereum ETH - us

Lido Finance is a decentralized finance (DeFi) protocol designed to bring liquidity to staked assets on the Ethereum blockchain. Launched in 2020, Lido addresses the challenge of illiquidity associated with assets staked in various Ethereum 2.0 staking contracts, allowing users to participate in staking while maintaining liquidity through stETH (staked Ether) tokens. Here is an overview of Lido Finance in 500 words:

Key Features of Lido Finance:

1. Staking Liquidity:
   • Lido's primary objective is to unlock liquidity for users who have staked their Ethereum (ETH) in the Ethereum 2.0 Beacon Chain. Staked assets are typically illiquid during the staking period, but Lido allows users to mint stETH tokens in return for their staked ETH, providing liquidity without compromising the staking rewards.