Lido Finance – Liquidity for staked assets

Article hero image

In this episode Jacob Blish, Head of Business Development at Lido, joined us to discuss the current state of Lido's business, growth drivers, bottlenecks, future roadmap, and the complex topic of whether certain liquid staking protocols are becoming centralizing forces.

Lido's dashboard:


00:00 What is Lido?
01:15 Lido's business model
03:03 Which networks does Lido support?
03:22 Lido's growth drivers
04:29 Challenges related to growth
05:38 Is Lido becoming a centralizing force?
11:22 Vitalik Buterin's take on staking protocols
12:22 Thoughts on the negative correlation between revenue and market cap
14:41 The price difference between stETH and ETH
16:04 What is the LDO token's purpose?
18:00 Token incentives on Lido
19:55 How is Lido managing risks?
21:34 Lido's user composition
23:50 Lido's core value proposition
24:39 What's next for Lido?

The authors of this content, or members, affiliates, or stakeholders of Token Terminal may be participating or are invested in protocols or tokens mentioned herein. The foregoing statement acts as a disclosure of potential conflicts of interest and is not a recommendation to purchase or invest in any token or participate in any protocol. Token Terminal does not recommend any particular course of action in relation to any token or protocol. The content herein is meant purely for educational and informational purposes only, and should not be relied upon as financial, investment, legal, tax or any other professional or other advice. None of the content and information herein is presented to induce or to attempt to induce any reader or other person to buy, sell or hold any token or participate in any protocol or enter into, or offer to enter into, any agreement for or with a view to buying or selling any token or participating in any protocol. Statements made herein (including statements of opinion, if any) are wholly generic and not tailored to take into account the personal needs and unique circumstances of any reader or any other person. Readers are strongly urged to exercise caution and have regard to their own personal needs and circumstances before making any decision to buy or sell any token or participate in any protocol. Observations and views expressed herein may be changed by Token Terminal at any time without notice. Token Terminal accepts no liability whatsoever for any losses or liabilities arising from the use of or reliance on any of this content.

Stay in the loop

Join our mailing list to get the latest insights!

Continue reading

  1. The fundamentals of Avalanche
    The fundamentals of Avalanche

    The fundamentals of Avalanche

    In this week's research piece, we focus on the current state of Avalanche's product, business model, financials, usage, competition, and more! Avalanche is a smart contract platform for decentralized applications (a blockchain). Avalanche was founded by Emin Gün Sirer and launched in 2019.

  2. Angle's stEUR: Earn the Euro risk-free rate onchain
    Angle's stEUR: Earn the Euro risk-free rate onchain

    Angle's stEUR: Earn the Euro risk-free rate onchain

    Pablo Veyrat, the Co-Founder of Angle, walks us through how stEUR is critical in the vision Angle is trying to push for, by laying down the permissionless and fully transparent foundations for a Euro risk-free rate onchain.