What is Lido for Solana?
Lido for Solana is a liquid staking solution for SOL backed by industry-leading staking providers. Lido lets users earn SOL staking rewards without needing to maintain infrastructure and enables them to trade staked positions, as well as participate in on-chain decentralized finance with their staked assets.
Lido for Solana gives you:
- Liquidity through tokenization — No activation delays and the ability to sell your staked tokens or use them as collateral in decentralized finance
- One-click staking — No complicated steps
- Decentralized security — Assets spread across the industry’s leading validators chosen by the Lido DAO
How does Lido for Solana work?
A SOL token holder connects their wallet and deposits their tokens into the Lido program. They immediately receive stSOL tokens that represent a share of the total pool and the Lido program delegates SOL to Lido-controlled validators on the Solana network. When these delegations accrue rewards on the allotted stake, the total SOL under management grows and this increases the value of stSOL tokens.