What is Lido?
Lido is a decentralized finance (DeFi) protocol that offers a unique solution for liquid staking of Ethereum. As the Ethereum network transitions to proof-of-stake, Lido provides users the ability to stake their ETH without having to lock them up for extended periods. This flexibility allows users to earn staking rewards while maintaining liquidity, making it an attractive option for those who want to participate in Ethereum's proof-of-stake mechanism without losing access to their funds.