Deep Dive: Lido ($LDO) - The Giant of Liquid Staking that Empowers the Ethereum Ecosystem
Staking is the foundation of Ethereum's security, but it "locks" capital. Lido solves this with liquid staking. By depositing ETH in Lido, you receive the stETH token, which represents your staked ETH and continues to earn. The magic is that stETH can be used as collateral, to provide liquidity, and in other DeFi strategies. This increases capital efficiency across the ecosystem. With its market dominance, Lido directly benefits from the growth of the Ethereum network and investors' search for optimized passive income.
