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Lido
Largest liquid staking protocol for Ethereum, letting users stake ETH and receive stETH for use across DeFi while earning staking rewards.
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About
Lido is a liquid staking protocol for Ethereum. Users stake ETH and receive stETH, a token they can keep using across DeFi while it accrues staking rewards. The protocol also runs EarnETH and EarnUSD products for onchain ETH and USD rewards.
Around $20.9B in TVL, roughly 9.07M ETH staked, and about $2.6B in rewards paid out since 2020. Stake is distributed across node operators through three programs: the Curated Module, Simple DVT, and the Community Staking Module. stVaults let stakers configure their own setup.
Governed by the Lido DAO. Positioning is "Empowering and securing Ethereum since 2020."