2024-08-03
Lido Finance is a decentralized finance
(DeFi) protocol that provides liquid staking services for various
cryptocurrencies.
It allows users to stake their crypto
assets (such as Ethereum, Solana, and others) in a manner that enables them to
earn staking rewards while still maintaining liquidity over their assets in the
form of liquid staking token.
On August 2, 2024, Lido Finance announced that it has introduced Lido
Institutional, a liquidity staking solution tailored for large clients such as
custodians, asset managers, and exchanges.
Lido Institutional Liquid Staking
This institutional-grade service aims
to combine the necessary security and reliability for enterprise staking with
the liquidity and utility required for various institutional strategies.
Lido Institutional Liquid Staking
designed to earn staking rewards in a decentralized manner through the largest
liquid staking protocol.
Lido Institutional boasts over $30
billion in total value locked (TVL) and offers a competitive annual percentage
rate (APR) of 2.9%.
The platform provides deep organic
liquidity suitable for institutional demand and has a diversified counterparty
exposure with over 100 professional node operators.
Lido’s stETH token is Ethereum’s
leading liquid staking token, offering best-in-class security, deepest
liquidity, and competitive rewards.
More than $2 billion in rewards have
been paid since 2020, and the protocol is protected with over $4 million
invested in security measures, including audits and bug bounties.
Lido Institutional also addresses
regulatory compliance questions, ensuring that participating banks can remain
compliant with international and local AML and KYC regulations.
