Cryptocurrency Lido Staked Polkadot (STDOT)

The price for Lido Staked Polkadot (STDOT) cryptocurrency is currently 0.00 $ (15 min delay), daily range of currency change is 0.00 - 0.00 .
Last 24 hours news: trading volume - 0.00 $, price variance 0% .

Project Website - https://polkadot.lido.fi/
Explorer of transactions - https://moonscan.io/token/0xFA36Fe1dA08C89eC72Ea1F0143a35bFd5DAea108
Twitter Account - https://twitter.com/LidoFinance

Chart Lido Staked Polkadot (STDOT)

Current price Lido Staked Polkadot (stdot)	0.00 $
Trading Volume last 24h	0.00 $

Lido Staked Polkadot Quotes

#	Exchange	Pair	Price	Spread	Volume	Last traded
No active trades for this coin.

What is Lido Staked Polkadot (STDOT)

Lido DOT Liquid Staking Protocol, built on the Polkadot chain, allows their users to earn staking rewards on the Polkadot chain without locking DOT or maintaining staking infrastructure. Lido on Polkadot make DOTs liquid while staking. It ensures maximized yield and availability of staking and makes leverage options possible while being decentralized and secure.

Users can deposit DOT to the Lido smart contract and receive stDOT tokens in return. Unlike DOT staked directly on the Polkadot network, the stDOT token is free from the limitations associated with the lack of liquidity and can be transferred at any time. The stDOT token balance corresponds to the amount of the Polkadot chain DOT that a holder can withdraw.

That becomes possible because of permissionless validator node selection and dynamic reallocation algorithms along with slashing hedging deployed on Moonbeam parachain and empowered by XC-20 cross-chain token standard.