Lido Finance: Reliant On Ethereum, But A Strong Governance Story

Jul. 29, 2022 1:50 PM ETLido DAO (LDO-USD)ETH-USD3 Comments


  • Lido Finance offers liquid staking where DeFi participants can generate additional returns on illiquid assets by minting derivatives.
  • Lido Finance has become the largest platform for Beacon Chain staking in anticipation of the Ethereum PoS merge.
  • While the token distribution was fairly centralized, the community governance has had success getting proposals amended.
  • I do much more than just articles at BlockChain Reaction: Members get access to model portfolios, regular updates, a chat room, and more. Learn More »

DeFi -Decentralized Finance on dark blue abstract polygonal background. Concept of blockchain, decentralized financial system

putilich/iStock via Getty Images

Lido Finance (LDO-USD) is a DeFi protocol that currently offers liquid staking on five well-known blockchains. For those not deep in the DeFi realm, liquid staking is the act of minting a derivative of an asset that

Beacon chain deposits

Dune Analytics

Lido Stake Trend By Chain

Staked Through Lido By Chain (DeFi Llama)

LDO address trend

Dune Analytics

stETH peg 729222

Decode the digital asset space with BlockChain Reaction. Block out the noise in the cryptocurrency market and pick the best tokens that will change the way the world works. Some of the great features you'll get out of this service include:

  • My Top Token Ideas
  • Trade Alerts
  • Portfolio Updates
  • Weekly Newsletter
  • Full Podcast Archive
  • Live Chat

Digital assets and the companies that are building the future of the digital asset space are the investment opportunity of this generation. Don't buy dog money and memes that won't matter down the line.

Sign up today and position your portfolio for the future!

This article was written by

Mike Fay profile picture
Decoding digital assets and cryptocurrency research for serious investors.

5 years as a media research analyst. Mainly covering crypto, metal, and media equities. I share deep dives on under the radar digital assets through my Seeking Alpha investor group BlockChain Reaction - my approach to crypto coverage leans far more fundamental than technical. I believe the overwhelming majority of crypto coins will go to zero. However, I think there are many that will actually perform very well long term. Those are the assets I aim to help other investors find. 

Outside of Seeking Alpha, I write the Heretic Speculator newsletter where I share additional thoughts on finance with more of a social backdrop.

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: I'm not an investment advisor. I share what I do and why I do it for informational purposes.

Recommended For You

Comments (3)

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.