Lido
The largest liquid-staking protocol, issuer of [[steth]] / [[wsteth]] — the dominant ETH-staking yield vehicle.
Lido stakes ETH across a curated node-operator set and issues stETH (rebasing) or wstETH (non-rebasing). Used as collateral across DeFi for leveraged yield, basis trades, and CDP issuance (crvUSD, stkstETH-backed positions).
Related terms
- stETHLido's rebasing liquid-staking token — accrues ETH staking yield via daily balance rebases.
- wstETHA non-rebasing wrapper of Lido stETH — share-price grows with staking yield.
- LST (liquid staking token)A receipt token representing a staked PoS asset — accrues staking rewards while remaining transferable.
- EigenLayerA restaking protocol that lets ETH stakers extend their validator set's economic security to other systems (AVSs).