ETH balances can be used like regular ETH to earn yields and lending rewards, and are updated on a daily basis to reflect your ETH staking rewards, minus any penalties. Note that there are no lock-ups or minimum deposits when staking with Lido. When using Lido, users receive secure staking rewards in real-time, allowing for participation in the securing of Ethereum with fewer associated risks and less downside potential.“

As for stETH, this is “a token that represents staked ether in Lido, combining the value of initial deposit + staking rewards – penalties.” These tokens are “minted upon deposit and burned when redeemed.” stETH token balances are “pegged 1:1 to the ETH that is staked using Lido”.


Furthermore, this content is not directed at nor intended for use by any investors or prospective investors, and may not under any circumstances be relied upon when making a decision to invest in any fund managed by a16z. (An offering to invest in an a16z fund will be made only by the private placement memorandum, subscription agreement, and other relevant documentation of any such fund and should be read in their entirety.) Any investments or portfolio companies mentioned, referred to, or described are not representative of all investments in vehicles managed by a16z, and there can be no assurance that the investments will be profitable or that other investments made in the future will have similar characteristics or results.
Moreover, staking to the Beacon chain today is a one-way transaction – effectively locking up ETH until the transition from PoW to PoS – resulting in a high opportunity cost of capital given the abundance of yield-generating alternatives that exist in DeFi.

Because of these challenges, centralized exchanges have been best-positioned to offer staking services due to efficiencies of scale. Companies like Binance, Kraken, and Coinbase can easily pool their users’ assets (eliminating the minimum capital requirements), stake it on their behalf (eliminating the operational burden), and issue a liquid market for this staked asset (unlocking liquidity and allowing users to swap back from staked ETH to ETH).

Ethereum 70m andreessen lido resort spa

While taken from sources believed to be reliable, a16z has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation. In addition, this content may include third-party advertisements; a16z has not reviewed such advertisements and does not endorse any advertising content contained therein.

This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice.
You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services.

Ethereum 70m andreessen lidos

Defi Llama 數據顯示,目前 Lido 在 DeFi 協議總鎖倉量排行高居第 3 ,達到 136.1 億美元,近 7 日成長 26.41%。排行第一、第二的分別是 Curve( 181.4 億美元)、MakerDAO( 154.4 億美元)。

Lido 共同創辦人 Konstantin Lomashuk 向《Techchurch》透露,Lido Finance 的資產總鎖倉量在 2021 年成長了高達 15,000% ,Lido Finance 項目目前共有近 100 個貢獻者,包括兼職人員,其中有約 60 人是全職工作。

Lido 在去年 5 月曾完成由 Paradigm 領投的 7,300 萬美元融資,並獲得 Coinbase Ventures 、三箭資本、Alameda Research、Jump Trading、灰度母公司數位貨幣集團(DCG)等知名機構參投 。

Lido Finance 宣布支持 Polygon 網路

另外,Lido Finance 在 2 日發布公告,宣布已支持 Polygon 網路,用戶將可通過質押 Polygon 原生代幣 MATIC 來獲得 stMATIC,在產生質押收益的同時,為 Polygon 網路的穩定性和安全性做出貢獻。

Lido Finance 在推特上表示:

「Lido for Polygon」服務上線了! 可以在 Lido 上質押您的 MATIC ,來享受輕鬆的質押體驗。 歡迎開始體驗 polygon.lido.fi

Lido for Polygon is here 🏝️https://t.co/FCv36KDQj4

Stake your MATIC with Lido for an effortless staking experience.

Get started on https://t.co/usVwJcgv4Q.

Silicon Valley based venture capital firm Andreessen Horowitz (“a16z”) has announced that it has invested in decentralized staking platform Lido.

What Is Lido?

Lido, which was introduced on 15 October 2020, is “a liquid staking solution for ETH 2.0 backed by industry-leading staking providers.” It “lets users stake their ETH – without locking assets or maintaining infrastructure – whilst participating in on chain activities, e.g. lending.” Lido “attempts to solve the problems associated with initial ETH 2.0 staking – illiquidity, immovability and accessibility – making staked ETH liquid and allowing for participation with any amount of ETH to improve security of the Ethereum network.”

Here is how Lido works:

When staking with Lido, users receive stETH tokens on a 1:1 basis representing their staked ETH.

By issuing an Ethereum-native liquid token, Lido allows you to use staked ETH as collateral within DeFi in the same way you can use ETH currently.

We actively contribute to the networks and communities in our portfolio, so in addition to our investment in Lido, we staked a portion of a16z Crypto’s ETH holdings on the Beacon chain. Staking with Lido removes many of the logistical complexities that institutional investors have faced.

We look forward to supporting the Lido community on its long journey ahead.
There will be competitive incentives even after the PoS transition between securing the Ethereum network by staking and alternatively seeking higher returns from participating in DeFi.

ETH token balances are “updated when the oracle reports changes in total stake every day.” stETH tokens can be “used as one would use ETH, allowing you to earn ETH 2.0 staking rewards whilst benefiting from, among other things, yields across decentralised finance products.”

Andreessen Horowitz’s Becomes an Investor in Lido

In a blog post published on March 3, a16z started by talking about difficulties with ETH 2.0 staking:

Perhaps most notably, there is a 32-ETH minimum required to operate a node. This alone prevents a significant number of network users from running their own validator, and there is no native method for delegating one’s stake to circumvent these minimum capital requirements.

We will contribute, as both a staker and governance participant, to help ensure a fair, transparent, and credible staking ecosystem.

We want a world where a diverse set of centralized staking services, decentralized staking pools, and individual validators all play a role in securing Ethereum. We are excited to be working with Lido as we collectively build towards this future.

***

The views expressed here are those of the individual AH Capital Management, L.L.C.

(“a16z”) personnel quoted and are not the views of a16z or its affiliates. Certain information contained in here has been obtained from third-party sources, including from portfolio companies of funds managed by a16z.

Moreover, staking to the Beacon chain today is a one-way transaction – effectively locking up ETH until the transition from PoW to PoS – resulting in a high opportunity cost of capital given the abundance of yield-generating alternatives that exist in DeFi.“

It then talked about Lido and why they had decided to invest in it:

It offers one of the easiest ways to stake ETH and other PoS assets today, while striving for decentralization through the DAO’s governance. Lido democratizes staking.

The Lido community’s unwavering commitment to decentralization really stood out to us.

They recognize that for their approach to succeed, they will need to create a fully-trustless staking pool while also embracing alternative solutions.

Finally, Lido solves the competitive incentives between staking and seeking yield in DeFi.

These services are valuable for their users, creating a big opportunity for a decentralized alternative.

That’s why we’re excited to invest inLido, an effective, decentralized staking platform. It offers one of the easiest ways to stake ETH and other PoS assets today, while striving for decentralization through the DAO’s governance.

Lido democratizes staking.

The Lido community’s unwavering commitment to decentralization really stood out to us. They recognize that for their approach to succeed, they will need to create a fully-trustless staking pool while also embracing alternative solutions.

Finally, Lido solves the competitive incentives between staking and seeking yield in DeFi.

Ethereum’s upcoming transition from Proof of Work (PoW) to Proof of Stake (PoS) has the potential for cascading effects across the crypto landscape.

Instead of using computational resources to secure the network, anyone will be able to stake their ETH and operate block-producing validators, drastically reducing energy consumption. Ethereum’s transaction fees and inflationary-driven rewards will be distributed to more participants in the network, broadening access to economic opportunities within Ethereum’s ecosystem.

Nonetheless, staking ETH has significant barriers today.
Perhaps most notably, there is a 32-ETH minimum required to operate a node. This alone prevents a significant number of network users from running their own validator, and there is no native method for delegating one’s stake to circumvent these minimum capital requirements.

Similar Posts:

Leave a comment