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Ethereum has popularized the concept of staking, a technical process that allows holders to maintain deposited ETH in a special smart contract to earn ETH rewards by participating in the network's security.
Accordingly, Lido is a liquid staking service, as it simplifies ETH staking to simply holding the Lido Staked ETH (stETH) token. Today, the platform is the largest liquid staking protocol and also the largest DeFi project with +$23 billion in total value locked (TVL).
Lido is a decentralized liquid staking platform that allows users to stake ETH and MATIC without locking them up. It provides a solution to the high barriers of entry typically associated with manual ETH staking, where a minimum of 32 ETH is usually required to run a validator node.
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