Lido on Polkadot
Lido DOT Liquid Staking Protocol, built on the Polkadot chain, allows their users to earn staking rewards on the Polkadot chain without locking DOT or maintaining staking infrastructure.
Users can deposit DOT to the Lido smart contract and receive stDOT tokens in return. The smart contract then stakes tokens with the DAO-picked node operators. Users' deposited funds are pooled by the Lido smart contract, and node operators never have direct access to users' assets.
Unlike DOT staked directly on the Polkadot network, the stDOT token is free from the limitations associated with the lack of liquidity and can be transferred at any time. The stDOT token balance corresponds to the amount of the Polkadot chain DOT that a holder can withdraw.
Guides: Jump right in
Follow our handy guides to get started on the basics as quickly as possible:
Fundamentals: Dive a little bit deeper
Learn the fundamentals of Lido on the Polkadot chain to get a deeper understanding of our main features: