Lido DAO is a Decentralized Autonomous Organization that manages the liquid staking protocol by deciding on key parameters (e.g., setting fees, assigning node operators and oracles, etc.) through the voting power of governance token (DPG) holders.

Also, the DAO will accumulate service fees and spend them on insurance, research, development, and protocol upgrades. Initial DAO members will take part in the threshold signature for Ethereum 2.0 by making BLS threshold signatures.

Since WithdrawalsManagerStub contract has been deployed, new validators withdrawal credentials point to WithdrawalsManagerStub contract controlled by Lido DAO. Validators before that deployment have withdrawal credentials pointing to mulsig wallet.

The Lido DAO is an Aragon organization. Since Aragon provides a full end-to-end framework to build DAOs, we use its standard tools. The protocol smart contracts extend AragonApp base contract and can be managed by the DAO.

The text provided on this site are focused on Lido Ethereum Liquid Staking Protocol & stETH token. Developer documentation on other Lidos Liquid Staking Protocols can be found lidos site.

The Lido Ethereum Liquid Staking Protocol, built on Ethereum 2.0s Beacon chain, allows their users to earn staking rewards on the Beacon chain without locking Ether or maintaining staking infrastructure.

Users can deposit Ether to the Lido smart contract and receive stETH tokens in return. The smart contract then stakes tokens with the DAO-picked node operators. Users deposited funds are pooled by the DAO, node operators never have direct access to the users assets.

Unlike staked ether, the stETH token is free from the limitations associated with a lack of liquidity and can be transferred at any time. The stETH token balance corresponds to the amount of Beacon chain Ether that the holder could withdraw if state transitions were enabled right now in the Ethereum 2.0 network.

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#LIQUID_STAKING DEFI

Lido DAO is a Decentralized Autonomous Organization that manages the liquid staking protocol by deciding on key parameters (e.g., setting fees, assigning node operators and oracles, etc.) through the voting power of governance token (DPG) holders.