On August 2, Lido (LDO) launched Lido Institutional, a new liquid staking solution for institutional investors. This product is designed to meet the needs of custodians, asset managers, and exchanges.
Lido aims to extend its dominance in the decentralized finance sector by offering robust security, deep liquidity, and diversified counterparty exposure. With over $31 billion in crypto deposits, Lido remains the largest staking protocol in DeFi, despite facing competition from new protocols like Ether.fi and Renzo.
Notably, Lido’s stETH is the largest collateral token in decentralized finance, valued at over $10 billion. Custody solutions such as Fireblocks and Taurus support stETH, and platforms like Matrixport and Swissborg offer access to it.
Lido Institutional signifies a strategic move to solidify Lido’s market position and cater to the high standards of institutional investors, ensuring long-term dominance in the staking ecosystem.
