Lido

Lido

DeFi liquid staking platform with governance

Overview

Lido provides a platform for staking tokens from multiple networks (such as Ethereum and Polygon). Users can stake their tokens to earn daily rewards, and receive liquid staked tokens like stETH or stMATIC that can be used across the DeFi ecosystem. This lets people keep earning staking rewards while using their staked assets in other apps. The platform is governed by a Decentralized Autonomous Organization (DAO) using a governance token called LDO, giving token holders voting power over how the protocol operates. Revenue comes from the staking rewards generated for users, plus additional services like lending against stETH or stMATIC and providing liquidity to Balancer MetaStable Pools to earn more tokens. The goal is to let users earn staking income without locking up their assets, while enabling participation in broader DeFi activities through liquid staking and community governance.

About Lido

Simplify's Rating
Why Lido is rated
B+
Rated A on Competitive Edge
Rated A on Growth Potential
Rated C on Differentiation

Industries

Fintech

Crypto & Web3

Financial Services

Company Size

51-200

Company Stage

Late Stage VC

Total Funding

$169M

Headquarters

Moscow, Russia

Founded

2020

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Simplify's Take

What believers are saying

  • Lido launched NEST on August 14, 2026, creating automated LDO accumulation.
  • Stakely's September 9, 2026 vault launch expands distribution to institutions and retail.
  • ValOS and DUCK funding strengthen validator operations and reduce operator failures.

What critics are saying

  • The July 2026 oracle underreporting incident exposed brittle accounting during stETH rebases.
  • NEST buybacks stayed inactive in August 2026 because revenue missed the $40M baseline.
  • Ethereum concentration risk persists as Lido consolidates over 265,000 validators post-Pectra.

What makes Lido unique

  • Lido controls about 71% of liquid staking TVL, dwarfing rivals in September 2026.
  • Dual Governance V1, passed in Vote #214, gives stETH holders veto power.
  • stVaults with Stakely add public and institutional ETH staking on Lido V3.

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Funding

Total Funding

$169M

Above

Industry Average

Funded Over

4 Rounds

Notable Investors:
Late VC funding comparison data is currently unavailable. We're working to provide this information soon!
Late VC Funding Comparison
Coming Soon

Benefits

Remote Work Options

Flexible Work Hours

Conference Attendance Budget

Home Office Stipend

Growth & Insights and Company News

Headcount

6 month growth

↑ 2%

1 year growth

↑ 1%

2 year growth

↑ 9%
The Crypto Post
Sep 27th, 2026
Lido Vote 214 passes as Dual Governance moves onto Ethereum mainnet.

Lido Vote 214 passes as Dual Governance moves onto Ethereum mainnet. 3 hours ago Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Tl;dr. Lido DAO Vote #214 has passed with 58.2 million LDO participating in favor. The vote implements Dual Governance V1 parameters, giving stETH holders a new mechanism to contest certain governance actions. The associated emergency governance delay has been extended to 14 days. Lido's long-running effort to give stETH holders more influence over protocol governance has moved another step forward. Onchain Vote #214 has passed, implementing parameters associated with Lido's Dual Governance system on Ethereum mainnet. The vote received support from 58.2 million LDO participating tokens. Dual Governance creates A second check on LDO holders. Traditional DAO governance gives voting power to holders of the governance token. For Lido, that means LDO. The complication is that the people economically exposed to the staking protocol are not necessarily the same people holding large amounts of LDO. stETH holders may have substantial value inside Lido while having little direct ability to stop governance decisions that affect the protocol. Dual Governance is designed to narrow that gap. The framework gives stETH holders a mechanism to contest or delay certain governance actions before they are executed. That does not replace LDO voting. It creates an additional check around it. The idea is particularly important for a liquid staking protocol because governance controls smart contracts handling very large amounts of user-deposited ETH. The delay window is part of the security model. A longer delay gives stakeholders more time to respond when an action is disputed. That can make governance slower. It can also make a hostile or controversial change harder to rush through before affected users have time to react. Lido has been developing Dual Governance as a way to reduce one of the structural risks around decentralized protocols: governance-token holders making decisions that may not align with the interests of users whose assets sit inside the system. The latest vote does not make Lido governance perfectly decentralized or remove every governance risk. It does change the balance. LDO remains the governance token, but stETH holders now have a more meaningful role in the safety architecture around major decisions. For a protocol whose main product represents staked ETH, that is a significant shift in who gets a voice when governance and user capital collide. Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. Crypto uphold strict sourcing standards, and each page undergoes diligent review by its team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of its content for its readers.

Blockchain Reporter
Sep 10th, 2026
Lido and Stakely launch public and institutional ETH staking vaults.

Lido and Stakely launch public and institutional ETH staking vaults. September 10, 2026 6:00 AM Table of contents Stakely launched two Ethereum staking products on Lido V3 on Sept. 9: a public vault open to individual users and configurable, non-custodial vaults for institutions. Both products use Lido's stVaults infrastructure, with Stakely operating the validators. According to the official Lido announcement, the public product combines ETH staking with EarnETH, while dedicated institutional vaults let clients set parameters around custody, permissions, fees and liquidity. The launch expands the set of services built on stVaults rather than introducing a new Ethereum staking protocol. The public vault combines staking and a DeFi strategy. Users deposit ETH through a Stakely interface and receive an ERC-20 pool-share token representing their position in the vault. The deposited ETH is staked through Stakely's validator infrastructure. Lido says the DeFi Wrapper can then mint stETH against the staked assets and allocate it to EarnETH, its ETH-focused DeFi strategy. That structure is intended to keep a single user position while adding access to DeFi activity, but it also adds risks beyond plain staking. Lido's announcement directs prospective users to separate risk disclosures and says audits and operational controls cannot eliminate protocol or market risk. It does not provide a guaranteed yield or publish performance results for the new public vault. Institutional vaults keep assets segregated. Stakely's second product is aimed at asset managers, treasuries, platforms, custodians and exchange-traded product issuers. Each institution can use a dedicated vault, select Stakely as node operator and retain its own custody model and operating controls. The configuration can cover fee terms, permissions, liquidity design and technical parameters. The companies describe the setup as non-custodial because Stakely runs validators without becoming custodian of the institution's ETH. On-chain attribution links a position to a specific vault, operator and parameter set, which can support reporting and operational review. Stakely also remains responsible for validator monitoring and performance management under both product models. The launch adds another Lido V3 staking option. Lido V3 introduced stVaults as modular infrastructure for customized Ethereum staking. BlockchainReporter covered the Lido V3 mainnet launch and its stVaults design, which separates vault configuration from the broader pooled staking route. Stakely's products apply that architecture to both a public interface and individually configured institutional deployments. The Sept. 9 release confirms product availability but does not disclose deposits, named institutional customers or adoption targets. Its immediate significance is therefore the addition of a validator provider and two delivery models to the Lido V3 ecosystem, not evidence that the products have already attracted substantial assets.

Crypto-Economy
Sep 1st, 2026
Lido introduces ValOS to strengthen Ethereum validator operations and raise standards.

Lido introduces ValOS to strengthen Ethereum validator operations and raise standards. * Guido Battigelli * Published: September 1, 2026 * 5:18 pm * Updated: September 1, 2026 * 5:18 pm Table of Contents * Lido introduced ValOS, a community standard designed to raise validator operations across the Ethereum staking ecosystem. * Lido DAO will allocate $60,000 to the DUCK FLAP fund to subsidize up to 50% of audit review costs for early adopters. * The initiative formalizes the work of the DUCK project and introduces a governance structure to ensure its long-term adoption. Lido introduced ValOS (Validator Operations Standard), a community-driven reference framework aimed at raising the operational standards of validators within the Ethereum staking ecosystem. The protocol outlined in a statement both the architecture of the framework and the financial backing supporting it. The framework was developed with funding from Lido DAO through LEGO, the protocol's grants arm. The core objective of ValOS is to provide node operators with a common language, shared principles, and governance tools to identify, assess, and mitigate risks inherent to operating critical staking infrastructure. ValOS Was Built on the DUCK Initiative. ValOS builds on the work developed by DUCK, an initiative that brought together contributors from across the staking ecosystem to produce practical resources for addressing real operational risks. These resources include a comprehensive Risk Framework, a Mitigation & Controls Library, and a Communications Toolkit, designed for immediate use and aimed at lowering the barrier to adopting more rigorous practices. What ValOS adds on top of that existing work is a dedicated organizational and governance structure, designed to transform the standard into a lasting reference that can be independently audited and verified. As staking on Ethereum grows and becomes more professional, the ability to undergo formal assurance reviews is a crucial differentiator for operators seeking to demonstrate accountability to stakers, institutions, and protocols. A $60,000 fund for the first audits. To drive real adoption of the standard, Lido DAO will allocate $60,000 to the DUCK FLAP fund - D.U.C.K. Funding Launch for Audit Participants -, also channeled through LEGO. Those funds will cover up to 50% of assurance review costs for the first operators to adopt the standard, reducing economic barriers during the initial implementation phase. In the long term, ValOS aims to become a framework recognized as an industry-wide reference, capable of supporting professional audits and benchmarks for operational excellence. As Ethereum staking attracts an increasingly diverse range of participants, having transparent and verifiable standards is essential to preserving the decentralization and security of the network. Ether.Fi has emerged as one of the most ambitious restaking platforms in the Ethereum ecosystem, blending validator infrastructure, reward automation, and multi-asset flexibility into a Solana News TL;DR Solana validators approved SGP-0002, which reduces the rate of new SOL creation by 30% annually, reaching 68.77% support. SGP-0003, which would have raised daily Ethereum News TL;DR: Network researchers introduced a draft proposal (tentatively identified as EIP-8394) to redesign the validator deposit contract. The current registry secures approximately 42.4 million ETH Solana News TL;DR 21Shares analyzes two Solana governance proposals that would cut staking yield in half over a two-year period. Proposal SIMD-550 doubles the protocol's annual disinflation Ethereum News TL;DR Quantum-Safe Shift: The Ethereum Foundation is reviewing a draft proposing leanXMSS signatures to replace BLS and prepare validators for quantum threats. Roadmap Alignment: The TL;DR Sharplink purchased approximately 39,319 additional ETH valued at roughly $91 million in a single transaction. The operation raises a treasury that already exceeded 888,938 Follow Crypto Economy on Social Networks Crypto Tutorials Crypto Reviews

Crypto World
Aug 16th, 2026
Lido launches $10M LDO buyback - But NEST may remain idle until...

Lido launches $10M LDO buyback - But NEST may remain idle until... CryptoWorld August 16, 2026 3 minutes read Staking protocol Lido has finally activated its long-awaited automatic LDO token buyback program. The programme, also known as NEST (Network Economic Support Token), was first floated last year. According to the project, the program is now live on the mainnet with a daily limit set at $50K and annual purchases capped at $10M. It seeks to ensure automatic, dynamic LDO buybacks, taking into account prevailing market conditions. Under the NEST design, only 50% of the daily staking revenue exceeding $109K will be directed to the buyback program. That translates to a $40 million annual revenue baseline. Anything below that ($109K daily) means there will be no buyback. That said, the bought LDO tokens won't be burned but will be owned by the DAO treasury. The program was previously criticized for being too low compared to other protocols. For comparison, Hyperliquid is doing about $100M in annual buyback. Aster and Uniswap run a $40M annual program while PUMP eyes $35M. Compared to LDO's $10M annual plan, it was 3-10x smaller than other ongoing programs. Lido's bumpy buyback start. That said, the current staking rewards were still below the daily average of $109K to trigger the buyback program. According to DeFiLlama, the protocol has been making around $75K in daily revenue in August. The last time Lido crossed above $109K in daily revenue was back in April 2026 during broader Q2 recovery across the crypto market. In other words, NEST will truly kick in if broader market sentiment improves. Even so, most experts hailed the dynamic buyback move. Gabriel Shapiro, a pro-crypto attorney, said, How buybacks should be. Worth noting that not everyone supports crypto buybacks in crypto, especially during market downturns. Critics view it as a waste of funds and propose directing the same to crucial ecosystem development. Some projects, such as Helium, shut down their buyback program. Lido sees slow recovery above $0.28. On the price charts, the token has defended $0.28 support in August. This helped stop the July dump, but a strong recovery has been elusive. As of writing, price action was still below key moving averages (50-day EMA and 200-day MA). A strong upside potential could be confirmed if the moving averages are decisively reclaimed as support (above $0.33). Final summary. * Lido activated its automatic buyback program, which is triggered if annual revenue hits $40M, but is limited to $10M in annual purchases. * Daily staking revenue has remained below the automatic buyback trigger level ($109K) since April

Wu Blockchain
Aug 8th, 2026
Weekly project updates: ether.fi gradually exits EigenLayer, Uniswap Launches Meme-Coin platform, ai16z Foundation To Dissolve, etc.

Weekly project updates: ether.fi gradually exits EigenLayer, Uniswap Launches Meme-Coin platform, ai16z Foundation To Dissolve, etc. Aug 08, 2026 05:48 1. Ether.fi Shifts Restaking Exposure From weETH to Separate Token weETHs, Phases Out EigenLayer link ether.fi has eliminated all EigenLayer restaking exposure from weETH, converting it into a standard liquid-staking token. Restaking functionality will be migrated to weETHs, a standalone token built on Symbiotic. At present, ether.fi's remaining restaking assets within EigenLayer account for less than 1 %. The proportion is expected to drop to 0 % in Q3 2026, and validator EigenPod withdrawal credentials are scheduled for removal in Q4. ether.fi's total staking business stands at approximately USD 3.3 billion, down from its all-time high of USD 12.43 billion recorded in August 2025. 2. Uniswap Launches Meme-Coin Issuance Platform Pools on Robinhood Chain link Uniswap has launched Pools, a token-launch platform on Robinhood Chain, supporting two launch models: Crowd Launch and Instant Launch. It delivers features including autocompounding liquidity, permanent liquidity locking, front-running protection and optional creator fees. Pools charges no launch-platform fees, only standard Uniswap v4 protocol fees. A 0.25 % LP fee is levied on each trade and automatically converted into permanent liquidity, from which creators may optionally claim 0.05 %. Uniswap notes the platform targets highly volatile meme tokens that could potentially go to zero; tokens launched via Pools receive no review or endorsement from Uniswap Labs. According to data from @Adam_Tehc, Uniswap's new token-launch platform Pools recorded USD 99.1 million in trading volume on its launch day, accounting for roughly 54.2 % of total volume across token-launch platforms on Robinhood Chain for that day. 3. Lido DAO Votes on NEST Auto-Buyback Mechanism to Convert Portion of Staking Revenue to LDO link Lido DAO has announced that the on-chain vote for the NEST automated buyback mechanism kicked off on August 5, with the main voting phase running until 14:00 UTC on August 8. NEST is a rule-based automated system intended to establish an on-chain linkage between Lido protocol performance and LDO. Its design framework and parameters were already approved via Snapshot voting back in May. The mechanism proposes converting staking-revenue proceeds above the operational baseline into LDO via CoW Swap, with the acquired LDO transferred directly into the DAO treasury. Separately, the Lido Alliance BORG has tabled a proposal to appoint Bryce Howarth as a new director; the corresponding Snapshot vote will remain open until 16:00 UTC on August 10. Should the proposal pass, incumbent director Adrian Cachinero Vasiljevic will step down. 4. Hyperliquid's July Perpetual-Swap Volume Hits $218 Billion, Surpassing Combined Volume of Next Seven Rivals link Hyperliquid posted USD 218 billion in trading volume for July, surpassing the combined roughly USD 189 billion of the other seven major perpetual DEXs and accounting for about 54 % of total volume across the top-eight platforms. In the same month, Aster, Lighter and GRVT registered approximately USD 43.6 billion, USD 36.4 billion and USD 34.4 billion in volume respectively. Aggregate trading volume of the top-eight perpetual DEXs fell by around USD 85 billion month-on-month, representing a 17 % drop, yet market liquidity remained heavily concentrated on Hyperliquid. 5. Ondo Founder's Mother Sues for Corporate Control, Seeks Ouster of CEO Ian De Bode link Kathleen Allman, mother of the late Ondo Finance founder Nathan Allman, has filed a lawsuit with the Delaware Court of Chancery seeking control of the company and the removal of Ian De Bode from his positions as CEO and President. The complaint alleges that no active directors remained on Ondo's board following Nathan's passing. De Bode purported to act as CEO without board-level approval and sought to appoint himself as the sole director. Acting as personal representative of Nathan's estate, Kathleen asserts she holds controlling voting power over the firm and is entitled to restructure the board. She subsequently appointed herself as sole director via written stockholder consent and expanded the board. On July 24, together with newly-appointed director Tahnee Towill, she voted to dismiss De Bode from all corporate posts and named Kathleen as Chairwoman and CEO. De Bode denies the allegations, deeming them groundless, and states the existing management continues to enjoy backing from major stakeholders, key investors and the Ondo Foundation. 6. Optimism Foundation Releases Annual Budget Outlook; ~343 Million OP To Enter Circulation Next Year link The Optimism Foundation has released its annual budget update and outlook for the upcoming fiscal year. Approximately 343 million OP tokens are expected to enter circulation between May 2026 and April 2027, including 200 million for the ecosystem fund, 47.6 million for early core contributors, and 15.3 million for investors. Circulating supply is projected to rise to around 2.504 billion OP, accounting for 58.3 % of the total token supply. The Foundation emphasized that all these tokens stem from the original allocation framework; no new token allocations have been requested, and the budget update serves purely transparency-enhancement purposes. 7. World Chain to Deploy EIP-7928 on Mainnet link World Chain announced it will deploy the EIP-7928 specification on mainnet on August 17 via a runtime flag, becoming the first production-grade Layer 2 network to stream complete Block-Level Access Lists (BALs) every 200 milliseconds inside flashblocks. The technology enables validators to verify transactions in parallel during block construction, aiming to boost network throughput to 1 gigagas per second without raising hardware requirements for individual validators. 8. Meme-Coin Total Market Cap Falls to $18.6 Billion in July; Trading Volume Down 20% link The total market capitalization of meme coins fell to USD 18.6 billion in July, down from USD 18.8 billion in June. Trading volume dropped by 20 %, reflecting fading speculative demand and sustained capital outflows from the sector. Murad's meme-coin-only portfolio has declined to roughly USD 10 million one year on, from its July-2025 peak of USD 67 million, marking an approximately 85 % drawdown. 9. ai16z Founder Shaw: Token Fully Wiped Out; Foundation To Dissolve and Focus on Open-Source AI link Shaw, founder of ai16z, posted an announcement renouncing the token and severing all ties with it. He stated the team has endured immense pressure including legal disputes, staff departures and community backlash. Though he never sold any tokens and maintained a modest lifestyle, he decided to let the token go to zero and shut down the foundation, overwhelmed by relentless community criticism and the crypto-gambling culture. Shaw emphasized that the team will retain the IP and keep focusing on the development of the Eliza operating system and open-source AI agents, and no tokens will be associated with Eliza going forward. ai16z is an AI-driven DAO launched by Shaw Walters on Solana in October 2024 as a parody of a16z. It adopts the Eliza / ElizaOS AI-agent core framework for investment decisions and governance. Its flagship token ai16z hit an all-time high of around USD 2.47 in early January 2025 and currently trades at USD 0.000286. The Eliza token also peaked at approximately USD 0.1528 in early January 2025 and is now worth merely USD 0.00012. 10. DeFi TVL Ends Six-Month Consecutive Decline, Rebounds to ~$73.8 Billion in July link After six consecutive months of declines, total value locked (TVL) across decentralized-finance (DeFi) rose 5.3 % month-on-month in July to approximately USD 73.8 billion. Gains were driven largely by long-tail blockchains rather than top-tier networks. The "other blockchains" category more than doubled its TVL from around USD 3.46 billion to USD 7.02 billion, a trend CryptoRank attributes to the launch of Robinhood Chain and rapid growth among smaller blockchains. Ethereum retained the leading position with a TVL of roughly USD 40.46 billion.

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