Lido is the market leader in Ethereum liquid staking, representing over 80% of that market. Assets staked on Lido are worth over $10 billion and are split across roughly 76,000 individual wallets. The platform removes minimum staking requirements by pooling assets via a DAO and issues a derivative financial product native to Ethereum so staked ETH can be used as collateral in DeFi. Lido supports liquid staking on Solana, Kusama and Terra and planned a Polygon launch later this month. A decentralized autonomous organization governs the project; the DAO had about 90 voting members last year and executives report to the DAO. Around 60 people work full time on Lido, with closer to 100 total contributors.

Total raised

$70M

Funding rounds

1

Latest round

Equity

Latest activity

Mar 2022