🤝 When you outsource the technical part of the job to a contractor…
Tomorrow's scheduled Shanghai update to the ethereum blockchain — if successful — will finally let people sell the ether that they locked up on the blockchain to validate transactions (aka staking). Lido is a protocol that stakes coins on behalf of users (for a cut of the proceeds) and issues stETH, a tradable token that represents one ether staked with Lido. Lido holds about a third of the $31B worth of staked ether.
Latest Stories
Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.