Lido Mobile

Lido is open-source software built on Ethereum that simplifies staking ETH for individuals and organizations, allowing them to earn rewards while helping secure the network. Through liquid staking, users who want to stake their ETH (contributing to Ethereum's security and earning staking rewards) are connected with node operators who run the necessary infrastructure. The Lido protocol also lets users mint transferable liquid staking tokens that accrue rewards tied to staking, opening up additional opportunities, including DeFi activities.

Staking on Ethereum involves committing 32 or more ETH to help secure the blockchain by operating a network validator. Validators propose and verify blocks, earning rewards for timely and correct performance, while facing penalties for downtime or rule violations.