Introducing Lido Institutional: A Cutting-edge Liquid Staking Product
In Brief
Lido has rolled out Lido Institutional, combining the essential trustworthiness required for enterprise-level staking with the agility demanded by institutional investment strategies.
Liquid staking protocol Lido The announcement about Lido Institutional reveals a liquid staking product crafted specifically for institutional clients. This innovative service ensures that reliability and security, critical for enterprise-level staking, are paired with the flexibility and liquidity required for varied institutional tactics. This launch underscores Lido’s dedication to providing a top-tier staking solution that fulfills the exacting criteria of custodians, asset managers, and exchanges.
As highlighted on social media platform X, Lido's protocol is currently trusted by several high-profile institutional partners, establishing its reputation as a leading choice for entities looking to stake Ethereum.
With a total value locked (TVL) surpassing $30 billion, Lido offers an annual percentage rate (APR) of 2.9%. This middleware solution boasts over 100 decentralized finance (DeFi) integrations and more than 300,000 active wallets. On its platform, there's $150 million in liquidity at a 2% depth, with over $10 billion being utilized as collateral, based on the information on its website.
Moreover, Lido's middleware serves as an open-source platform and does not necessitate Know Your Customer (KYC) or anti-money laundering (AML) checks. This liquid staking solution is designed to be fully non-custodial and users can manage their stakes independently at the node operator level.
Lido: Your Go-To Liquid Staking Hub for Ethereum and Polygon
Lido This platform operates as a liquid staking solution for both Ethereum and Polygon, offering derivative token agreements for liquid staking alongside a sophisticated smart contract framework to support native token staking. Users can stake ETH on Ethereum and MATIC tokens on Polygon via their smart contracts, receiving liquid staking derivative tokens as a result.
The staked tokens are utilized by the protocol to manage validators across both networks, contributing to the overall ecosystem. Proof-of-Stake (PoS) consensus mechanism. Its stETH This token is recognized as a leading Ethereum liquid staking token (LST), known for its robustness, substantial liquidity, and appealing rewards.
Since its inception in 2020, the project has maintained a stellar security record and now accounts for roughly 30% of all ETH being staked.
Disclaimer
In line with the Trust Project guidelines Please keep in mind the details presented here are purely informational and should not be considered as legal, tax, investment, or financial advice. Only invest what you are willing to lose and consider seeking independent financial guidance if uncertain. For more details, please refer to the terms and conditions, as well as Help and Support resources provided by the issuer or advertiser. MetaversePost aims for accurate, unbiased reporting, but market dynamics may shift without prior notice.
