In brief, Lido Finance is one of the largest staking projects in the industry and allows users to start staking with any amount, rather than having to cough up 32 ETH. Additionally, Lido keeps users liquid by offering them a Staked ETH token. Lido Finance works by vetting and onboarding node operators who take care of the technical overhead for users. There is an insurance fund that takes a slice of protocol fees to protect users from hefty slashing penalties. This is good news for users as it allows them to participate in Ethereum’s staking process, no matter how much ETH they hold. #LidoFinance #Staking #Ethereum #DeFi
You can read more about this topic here: Decrypt: What Is Lido Finance, Ethereum’s Largest Liquid Staking Project?
