Lido FinanceLDO

Earnings measures the net value a project retains after subtracting all expenses from its revenue. This includes cost of revenue, token incentives, and operating expenses, where applicable. Note that earnings reflects onchain profitability, and may understate true costs in instances where the project does not report its operating expenses onchain. For Lido Finance, this is represented by the net protocol revenue retained by the Lido DAO treasury after distributing node operator fees (classified as cost of revenue) and paying out LDO token incentives. Revenue is generated from the protocol's liquid staking services, specifically Lido Staked Ether and Lido Staked MATIC, where a percentage of staking rewards is collected as a protocol fee. Expenses are comprised of node operator fee shares and Aragon-managed token incentives.Learn more