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.

Learn more here and here.

Stake With Lido

Documentation