Stakin Joins The Lido on Solana Selected Operator Set

Solana

Lido Finance

Jul 27, 2022

2 min read

Stakin Joins The Lido on Solana Selected Operator Set

We are delighted to announce that Stakin has been onboarded as a Solana node operator for Lido Finance, to enhance the decentralization further and support the protocol's development.

Lido is a liquid staking service across multiple Proof-of-Stake blockchains. Lido offers a Solana liquid staking solution backed by industry-leading staking providers. The service allows users to stake their SOL without locking assets or managing infrastructure.

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Lido stakers hold stSOL, a liquid representation of their staked SOL. This representation accrues staking rewards and can be used in Decentralized Finance (DeFi) applications, such as liquidity provision, lending, etc., enabling more efficient use of capital.

Lido Finance stSOL Solutions

Lido’s stSOL solution lets users effortlessly stake their Solana (SOL) and earn daily staking rewards. You can stake any amount and unstake at any time.

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When users stake with Lido, they receive a liquid staking token in return (stSOL). With this digital asset, you can earn daily staking rewards and simultaneously participate in many opportunities across the Solana DeFi ecosystem.

Hence, Lido Finance’s stSOL solution lets you take part in the vital task of staking to secure and strengthen the underlying network while also putting your assets to work in the growing DeFi space and optimizing your yield.

Final Thoughts

Stakin is elated to have been chosen as a Solana Lido node operator. The DAO is steadfastly committed to decentralization, and we look forward to adding to the diversity in Solana users, infrastructure configurations, and operational locations.

Liquid staking has many benefits for users, particularly regarding accessibility, user experience, and capital efficiency (particularly the access to DeFi). We will also educate our community about the advantages of using Lido by making resources and educational materials available.

About Stakin

Stakin is an infrastructure operator for Proof-of-Stake (PoS) public blockchains offering non-custodial delegation services. The company enables PoS cryptocurrency holders to earn interest on their holdings and participate in decentralized governance while remaining in possession of their own cryptocurrencies.

Stakin serves institutional crypto players, foundations, custodians, and exchanges as well as a large community of individual token holders. Driven by demand from institutional customers and the community, Stakin provides services for multiple blockchains, including leading ecosystems such as Ethereum, Cosmos, Solana, Polygon, Polkadot, and more.

For more information about Stakin, visit the Website, Twitter, Blog, or join the Telegram and Discord community.

About Lido Finance

Lido is a liquid staking protocolthat allows users to earn daily staking rewards without locking assets or maintaining complex staking infrastructure. Backed by several industry-leading staking providers, Lido makes staked assets liquid and allows them to be deployed across various protocols to compound staking yields while strengthening the surrounding DeFi space.


DISCLAIMER: This is not financial advice. Staking, delegation, and cryptocurrencies involve a high degree of risk, and there is always the possibility of loss, including the failure of all staked digital assets. Additionally, delegators are at risk of slashing in case of security or liveness faults on some protocols. We advise you to do your due diligence before choosing a validator.

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