#lido

Lido is Ethereum’s biggest liquid staking protocol. You deposit ETH, get stETH (or wrap to wstETH), and keep earning staking rewards without running a 32 ETH validator. stETH stays usable in DeFi: lend it, LP it, restake elsewhere. Fee is about 10% of rewards, not of your principal. Net APR floats with network conditions (often roughly low-to-mid 2% range in quieter 2026 stretches). Convenience king. Decentralization critics hate how large its share of staked ETH got.