Hassan Maishera
On Thursday, the Lido Finance team announced via a blog post that Anchorage Digital has integrated Lido liquid staking into its institutional platform, giving customers access to wstETH within one of the most established digital asset custody environments in the U.S.
The integration gives Anchorage Digital clients access to wstETH, the non-rebasing wrapped form of stETH. Balances remain fixed, with staking rewards reflected through the token’s exchange rate relative to stETH.
That structure fits cleanly with institutional custody and accounting workflows, and makes wstETH easier to integrate across DeFi and institutional platforms that do not support rebasing tokens.
stETH is the market-leading liquid staking token on Ethereum, with the deepest liquidity and the widest integration footprint in the category. It represents ETH staked through the Lido protocol across a distributed set of 900+ node operators, and is integrated across major DeFi and institutional venues.
Lido is a secure liquid staking solution for proof-of-stake (PoS) cryptocurrencies that supports Ethereum 2.0 (The Merge) staking and a growing ecosystem of other Layer 1 PoS blockchains.
Lido DAO is a decentralized autonomous organization (DAO) that provides staking infrastructure for multiple blockchain networks.
Most notably, the platform provides a liquid staking solution for Ethereum, allowing users to stake their ETH and receive stETH (Lido staked ETH) tokens in exchange, which represent the user's staked ETH and staking rewards.
Lido DAO is secured by a mix of decentralized governance, audited code and smart contracts. The Lido protocol runs on Ethereum with help from smart contracts that process user deposits and distribute staking rewards, among other functions. Several third-party security firms have audited Lido’s smart contracts in order to identify and address potential vulnerabilities.
Its native LDO token is up 5.4% in the last 24 hours, trading at $0.2604 per coin.
