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It was introduced in 2020 on the Lido protocol, anticipating Ethereum's shift to proof-of-stake.
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It is a part of the Lido decentralized finance (DeFi) project, which enables users to earn rewards from staking without needing to run their own Ethereum 2.0 validator nodes.*The Lido Project*Lido is a decentralized Ethereum 2.0 staking solution.
It aims to solve the challenges of staking in the Ethereum 2.0 network by offering liquidity for staked ETH.
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Lido allows holders of STETH to benefit from the potential increase in value of staked ETH while also maintaining some liquidity.AI in Financial Services Automation ✌️【Career Goals】✌️Invest small, earn big! ₹500 to start, with potential 100% returns in just one month.
