Lido is a liquid staking solution for ETH 2.0 backed by a number of the industries leading blockchain staking providers. Lido allows users to stake any amount of ETH without the need to maintain complex infrastructure, while letting users unstake at any time through secondary markets.
When you stake with Lido, you receive stETH tokens on a 1:1 basis representing your staked ETH. This stETH balance can be used like regular ETH to earn yields and lending rewards, and are updated on a daily basis to reflect your ETH staking rewards.
The goal with Lido is to solve a number of the problems associated with ETH 2.0 staking — illiquidity, immovability and accessibility — making staked ETH liquid and allowing for network participation with any amount of ETH.
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