Lido

Description sourced from DeFiLlama's protocol metadata; teams submit their own copy when listing.

DeFiLlama publishes the exact rules used to aggregate on-chain balances into the headline TVL figure shown on this page. The methodology below is the team's own source-of-truth description.

Staked tokens are counted as TVL based on the chain that they are staked on and where the liquidity tokens are issued, stMATIC is counted as Ethereum TVL since MATIC is staked in Ethereum and the liquidity token is also issued on Ethereum

If a contract or vault isn't in this list, its balance does not contribute to the TVL displayed on Mantapex or DeFiLlama.

Lido's governance or utility token carries a market capitalisation of 271,7 Mio. $ based on circulating supply at the latest DeFiLlama snapshot. The token's market cap (271,7 Mio. $) is small relative to deposits secured by the protocol (21,4 Mrd. $); a mcap/TVL multiple of 0.01× is sometimes read as a discount, though it can also reflect minimal fee accrual to the token.

Market cap and supply figures are sourced from DeFiLlama's price feed (which reconciles CoinGecko, CoinMarketCap, and on-chain DEX prices). Treasury and staking values reflect on-chain balances controlled by the protocol at last sync.

Wichtige Ereignisse, die von der DeFiLlama-Community markiert wurden — Protokoll-Launches, Exploits, Governance-Änderungen und Anreizprogramme.

1. May 15, 2023
   ETH Withdrawal Activation
2. Nov 8, 2022
   FTX collapse
3. Jun 10, 2022
   stETH depeg
4. May 7, 2022
   UST depeg
5. Jan 13, 2021
   Start of incentives for curve pool

Lido is a Liquid Staking protocol that issues liquid receipt tokens against staked deposits, so users earn validator rewards without locking up the underlying asset. It is deployed across 5 chains, including Ethereum, Solana, Moonbeam, Moonriver and 1 other chain. The codebase has been independently audited (1 report on file). DeFiLlama tracks 5 historical events for this protocol since 2021.

Lido runs a multi-chain deployment, with smart contracts live on 5 networks. Roughly 100% of its on-chain value sits on just three networks (Ethereum, Solana, Moonbeam), so a fault on any one of them would affect a large slice of users. Only one audit report is currently listed; users should weigh that against the protocol's TVL before depositing significant amounts. Its token market cap (271,7 Mio. $) is small relative to TVL (21,4 Mrd. $) — a mcap/TVL ratio of 0.01 is often read as the token being structurally undervalued versus the activity it secures.

Verified external resources for Lido — use these to read the source code, follow governance discussions, or cross-check on-chain data against the original team's channels.

Lido is one of 7 Liquid Staking protocols Mantapex tracks in this category. Direct peers ranked by total value locked include Binance staked ETH, Rocket Pool, DoubleZero Staked SOL, and 3 more. These peer protocols collectively secure 14,6 Mrd. $ in deposits, giving you a frame of reference for whether Lido's own TVL is at the top, middle, or tail of the category.

Binance staked ETH

TVL 8,6 Mrd. $ · 24h +0.81%

Rocket Pool

TVL 1,3 Mrd. $ · 24h +0.27%

DoubleZero Staked SOL

TVL 1,3 Mrd. $ · 24h -0.46%

Sanctum Validator LSTs

TVL 1,2 Mrd. $ · 24h +0.03%

Jito Liquid Staking

TVL 1,2 Mrd. $ · 24h +0.03%

Binance Staked SOL

TVL 994,3 Mio. $ · 24h +0.82%