Lido Staked SOL. Price of cryptocurrency: $ 218.18355611

Lido for Solana, what is it? There are people in this picture The Lido-DAO governed liquid staking protocol for the Solana is called 'Lido for Solana'. Anyone who stakes their SOL token with Lido will be given an on-chain representation of their SOL stake with Lido validators. stSOL is a native form of SOL. Lido is backed by several leading providers. A SOL token holder connects their wallet and deposits their token into the Lido program. The Lido program delegates SOL to Lido-controlled validators on the Solana network, and they immediately receive stSOL token that represents a share of the total pool. stSOL can be used to earn SOL staking rewards through integrated platforms like Saber and Raydium. There are people in this picture What does stSOL do? There are people in this picture stSOL is a token that represents your share of the SOL pool. You receive stSOL as soon as you delegate to the pool. The value of your stSOL appreciates as your SOL delegation accrues rewards. There is no waiting for the token. When a user delegates their SOL token, they don't need to perform or wait for the completion of any delegation or activation steps, as is the norm in traditional staking. There are people in this picture What number of stSOL are in circulation? There are people in this picture The current exchange rate and number of SOL deposited into the Lido contract are tracked by the supply of stSOL. The Lido contract has 1000 SOL and the exchange rate is 2, so the total stSOL in circulation is 500. The exact number of stSOL in circulation can be observed at the boundaries of the epoch. There are people in this picture Where can I find stSOL? stSOL will be available for trading on a growing number of exchanges. stSOL (Lido) has been the subject of recent articles. The launch of the Mainnet. Introducing Lido to Solana. Lido has a Multisig Administration. Lido for bug bounty.