Lido DAO (operates via various entities such as Lido Labs Foundation)

To make staking simple, secure, and decentralized.

Lido is the leading liquid staking protocol for Ethereum, managing over $14 billion in total value locked and representing about 30% of all staked ETH on the Beacon Chain. Users stake any amount of ETH and receive stETH tokens in return, eliminating the traditional 32 ETH minimum requirement while maintaining liquidity for DeFi activities. The protocol operates as a decentralized autonomous organization (DAO) governed by LDO token holders, with 900+ node operators globally running validators. Beyond core staking, Lido has expanded into yield products through Lido Earn, offering EarnETH vaults for ETH-denominated strategies and EarnUSD for stablecoin yields. Security is paramount, with over $4 million invested in audits, bug bounties, and expert reviews.

Products

The flagship product is stETH, Ethereum's leading liquid staking token that allows users to earn staking rewards while maintaining DeFi liquidity. Lido Earn provides automated yield vaults including EarnETH for ETH-denominated assets and EarnUSD for stablecoins. For institutions, stVaults offer customizable, node-operator-specific staking configurations. The protocol integrates with over 100 DeFi protocols including Aave, Curve, and Uniswap. Current development includes Staking Router v3 for enhanced validator management and the Wisp AI harness for private prompt processing.

Funding

Lido has raised $167 million across multiple rounds. The largest was a $73 million private token sale in May 2021 featuring Paradigm, Coinbase Ventures, and Jump Trading. This was followed by a $70 million Series A in March 2022 led by Andreessen Horowitz. A $24 million treasury diversification round in September 2022 included Dragonfly Capital. These funds support the DAO treasury, which LDO token holders manage for protocol expansion and security initiatives.

Recent news

In June 2026, Lido unveiled the design for Staking Router v3, a major infrastructure upgrade intended to optimize validator management and support large-scale stake migrations following Ethereum's Pectra upgrade. Earlier in the year, the protocol launched its EarnUSD vault (March 2026), which has already attracted over $16 million in value locked, marking a significant strategic diversification into stablecoin yield strategies. Additionally, the DAO actively managed risks related to the Kelp DAO rsETH breach in April 2026, successfully utilizing its first-loss protection mechanism to ensure that no EarnETH depositors faced losses.

Technology

Built on Ethereum with Solidity for smart contracts and TypeScript for SDKs and frontend applications. Python and Golang handle backend services and security operations. DevOps relies on Docker and Kubernetes for containerization, with Terraform and Ansible for infrastructure automation. GitHub Actions powers CI/CD pipelines. Security tooling includes SIEM, IDS/IPS systems, vulnerability scanners, and automated testing frameworks. The protocol uses distributed validator technology from Obol and SSV Network, with PostgreSQL for data operations.

Benefits

Fully remote work from anywhere in the world with flexible scheduling. Competitive compensation paid in USD. Equipment and co-working space reimbursement programs support remote work setup. Education compensation covers language learning and professional development courses. Opportunities for overseas conferences and community engagement within the Ethereum ecosystem. The DAO structure emphasizes transparent governance through public LDO token holder votes and open-source development with continuous peer review.