Lido is a leading liquid staking solution for Ethereum (ETH) backed by multiple staking providers.

In December 2020, Lido (LDO) was introduced shortly after the launch of Ethereum 2.0's Beacon Chain, which serves as the foundation for Ethereum's proof of stake (POS) network. Lido was created to overcome various technical and operational obstacles associated with staking on the Ethereum blockchain.

Lido's liquid staking solution provides an easy and secure way for users to participate in staking on the Ethereum network. By staking with Lido, users can earn rewards without having to lock up their assets or maintain their own infrastructure. Instead, Lido's staking providers handle the technical aspects of staking on the Ethereum network. In return, users receive stETH tokens that represent their stake in the network. These stETH tokens are liquid, meaning that they can be used like regular ETH to earn and lend rewards. Additionally, there are no lock-ups or minimum deposits required when staking with Lido, making it accessible for anyone to participate in improving the security of the Ethereum network.

Lido DAO

Development and operation support for Lido on Polkadot and Kusama will be discontinued

Kusama serves as Polkadot's test network, providing developers with a platform to experiment, test, and validate dApps and blockchains prior to their deployment on Polkadot.


Polkadot EcosystemKusama serves as an experimental proof-of-stake network that operates as a testnet for the Polkadot ecosystem. It plays a crucial role in ensuring the safety and stability of Polkadot by acting as a warning system for potential issues or updates. Unlike Polkadot, Kusama is designed to be unrefined and allows for riskier projects and investments, making it an ideal space for innovation.

The network has its native cryptocurrency called KSM, which serves multiple purposes within the Kusama network, including governance of the network, staking for network operation, bonding to connect chains as parachains to Kusama, and functioning as a utility token for network users. With its unique features and functionalities, Kusama provides a dynamic and experimental environment for the development of new projects and high-risk investments.

Kusama

Polkadot is a blockchain network that allows the connection of multiple specialized chains into a one universal network.

Polkadot achieves its interoperability by using a unique architecture called a “relay chain” and “parachains.” The relay chain is the central chain that manages the network and is responsible for the shared security of all parachains. Parachains are individual blockchains that run in parallel to the relay chain, and they can be customized to serve a specific purpose. Polkadot’s unique consensus mechanism, called “Nominated Proof of Stake” (NPoS), enables users to nominate validators who will produce blocks and secure the network. Validators must hold a certain amount of DOT, and their stake acts as collateral, incentivizing them to act honestly and secure the network.

DOT also serves as a governance token, allowing holders to participate in the decision-making process of the Polkadot network. Holders can vote on proposals, such as upgrades or changes to the protocol. DOT holders can also choose to stake their tokens, which enables them to participate in the consensus process and earn rewards for securing the network.

LDOLido DAO

Development and operation support for Lido on Polkadot and Kusama will be discontinued

Kusama

Polkadot