Lido Finance Launches Lido Institutional: Revolutionizing Institutional Ethereum Staking
Lido’s Advanced Liquidity Staking Solution for Institutions
Lido Finance has introduced Lido Institutional, a cutting-edge liquidity staking service tailored for large clients such as custodians, asset managers, and exchanges. This strategic move aims to broaden the accessibility of cryptocurrency staking to a more sophisticated investor base.
The Benefits of Lido Institutions
Lido Institutional combines high-level staking capabilities with the liquidity required for diverse institutional strategies. Institutional investors can benefit from robust security measures, ample liquidity, and attractive staking rewards. The service offers exposure to a wide range of counterparties through a network of 109 node operators, maximizing investors’ potential returns.
Lido has already established a strong presence in serving retail stakers, and it is now positioned as the premier choice for institutions seeking to stake Ethereum.
Lido’s Growing Success and Industry Dominance
The launch of Lido Institutional underscores the continued success of the protocol in the decentralized finance sector. As the largest player in Ethereum staking, Lido commands approximately 28.81% of the market. With investors pledging around 9.9 million ETH on the platform, valued at approximately $29.4 billion, Lido’s staking token stETH remains a popular choice in decentralized finance.
According to data from Token Terminal, Lido achieved its highest-ever quarterly revenue in the second quarter of this year, reaching approximately $27.5 million.
Overall, Lido’s expansion into institutional Ethereum staking represents a significant milestone in the cryptocurrency industry, opening up new avenues for institutional investors to participate in staking activities.