Lido is an industry-leading liquid staking protocol that allows users to stake Ethereum (ETH) and Solana (SOL) to receive staked liquidity tokens in return at a 1-to-1 ratio. Staked liquidity tokens allow holders to earn staking yield while also deploying their staked assets within a wide range of DeFi protocols such as money markets and yield farming programs. Lido is fully DAO-operated and transparent, and currently supports staking for ETH, and SOL.
stETH tokens represent a share of the total pool of staked ETH, which Lido automatically delegates to validators on the Ethereum network. When these delegations accrue rewards on their stake, the total ETH under management grows, increasing the value of stETH tokens for holders. Users can simply hold stETH for rewards, trade their stETH on the open market, or redeem it at any time for a proportional amount of ETH.
Chainlink is the industry standard for building, accessing, and selling oracle services needed to power hybrid smart contracts on any blockchain. Chainlink oracle networks provide smart contracts with a way to reliably connect to any external API and leverage secure off-chain computations for enabling feature-rich applications. Chainlink currently secures tens of billions of dollars across DeFi, insurance, gaming, and other major industries, and offers global enterprises and leading data providers a universal gateway to all blockchains.
Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link
The Chainlink Labs Channel Partner strategy is intended to outline a joint approach between Chainlink Labs and select accelerators, launchpads, incubators, devshops, and software tools to promote the user adoption and growth of the web3 ecosystem. Chainlink Labs and the channel partners will collaborate to accelerate and nurture the web3 ecosystem in key areas including gameFi, NFTs, developers, and startups.
Chainlink Labs is the leading provider of secure and reliable open-source blockchain oracle solutions, enhancing smart contracts by connecting them to a wide range of off-chain data sources and computations, such as asset prices, web APIs, IoT devices, payment systems, and more. We are dedicated to the development and integration of Chainlink as the standard decentralized oracle framework used by smart contracts across any blockchain.
