Hassan Maishera
On Monday, the Lido Finance team announced via X that users can now cross over their wstETH to Robinhood. Robinhood Chain is a permissionless Layer 2 built for financial services and tokenized RWAs.
Bridging staked ETH on Robinhood Chain keeps ETH securely earning daily staking rewards whilst becoming a building block across a novel on-chain economy.
This deployment is powered by Chainlink CCIP, the Lido interoperability standard moving staked ETH securely between chains and ecosystems.
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.
Lido aims to make staking more accessible to a wider range of users by pooling staked ETH from multiple users, which negates the need for any technical expertise on behalf of users. Users also don’t need to commit a minimum amount of 32 ETH to run their own validator, which lets more people stake their ETH.
Lido Liquid Staking V2, or Lido V2, is the latest major release of the Lido DAO protocol. It was designed to provide a more efficient and versatile staking solution for Ethereum 2.0.
Its native LDO token is up 5.5% in the last 24 hours, trading at $0.2824 per coin.
