Lido Staked SOL STSOL Price 218.18

What is Lido for Solana? There is a The Lido-DAO governed liquid staking protocol is called 'Lido for Solana'. Anyone who stakes their SOL token with Lido will be issued an on-chain representation of their SOL stake with Lido validators. stSOL is native to Lido. Lido is backed by several providers. A SOL token holder deposits their token into the Lido program. They receive stSOL token that represents a share of the total pool and Lido program delegates SOL to Lido-controlled validators on the Solana network. stSOL can be used to earn SOL staking rewards, as well as rewards through integrated platforms like Saber and Raydium. There is a How does stSOL work? There is a stSOL is the token that represents your share of the SOL pool. You receive the stSOL when you delegate to the pool. The value of your stSOL appreciates over time as your SOL delegation accrues rewards. There is no waiting for the token to arrive. When a user delegates their SOL token, they don't need to perform or wait for the completion of any delegation steps, as is the norm in traditional staking. There is a How many stSOL are in circulation? There is a The number of SOL deposited into the Lido contract is tracked by the supply of stSOL. The Lido contract has 1000 SOL and the exchange rate is 2 so the total stSOL in circulation is 500. The exact number of stSOL in circulation can be observed at the boundary of the epoch. There is a Where can I purchase stSOL? stSOL will be available for trading on a number of exchanges. stSOL (Lido) has been the subject of our most recent articles. The Mainnet launch was announced. Introducing Lido for Solana. The Multisig Administration is in Lido. Lido for the bug bounty.