What is Lido for Solana?
The Lido for Solana token or stSOL is a liquid token representing staked SOL on a 1:1 ratio. It’s native to Lido - a liquid staking protocol.
stSOL can be acquired by staking SOL tokens into liquidity mining pools on Lido. Users receive stSOL immediately after staking SOL.
There is no minimum amount of tokens users must stake in order to participate in the staking process on Lido.
It’s important to keep in mind that Lido charges a fee of 10% on all earnings that come from staking on the platform.
In addition to staking SOL, stSOL tokens can be traded on major supported exchanges. You can find our list of recommended exchanges in the section above.
There is no max cap of stSOL tokens. The total supply is determined by the exchange rate and the amount of staked SOL tokens. You can check the current supply on the Lido DAO website.
stSOL is a digital asset, and, like the majority of other digital assets, it can be quite volatile. Therefore, it's important to keep up with stSOL price fluctuations before making any purchase decisions.
There are various tools to help you monitor the price of an asset. For instance, the graph above will provide you with a deeper look at the Lido for Solana price history and its current trends.
What are the Main Features of Lido for Solana?
Lido for Solana is a Solana-specific staking protocol. It’s part of Lido - a decentralized autonomous organization (DAO) that provides an efficient method of staking cryptocurrencies without losing access to their tokens throughout the staking period.
Lido DAO was initially created for staking ETH (stETH). Upon its success, Lido introduced other cryptocurrencies including SOL (stSOL), MATIC (stMATIC), DOT (stDOT), and KSM (stKSM).
As discussed in the What is Lido for Solana section, these liquid tokens are pegged to the value of the staked token on a 1:1 ratio. This means that liquid tokens can be used in the same manner as staked tokens. For instance, they can be traded or even be put forward as collateral, among other things.
The entire project is governed by the community itself via the LDO token on the Lido DAO. LDO is one of the project’s native tokens that serve as a governance token.
Lido has been audited by Sigma Prime, Quantstamp, MixBytes, Oxorio, and ChainSecurity. These audit reports are publicly available for anyone to review.
When was Lido for Solana Launched?
The Lido for Solana crypto project was launched in late 2021 while Lido DAO itself was founded in late 2020.
Interested? Don't forget to check the stSOL price on the price chart above if you're considering purchasing this token.
These are the project's quantitative metrics of its official X account that can be used to trace regular or artificial Social activity & growth within the project.
Followers
229.33K
Followers: 229,333
0.21%
Following
631
0.00%
Posts count
7,742
0.14%
These are the project's quantitative metrics of its official Reddit account that can be used to trace regular or artificial Social activity & growth within the project.
Subscribers
8.63K
Subscribers: 8,634
0.00%
Subreddit type
public
Moderators
2
0.00%
These are the project's quantitative metrics of its official Telegram account that can be used to trace regular or artificial Social activity & growth within the project.
Members
10.97K
Members: 10,978
0.00%
Title
Lido
These are the project website's metrics based on Ahrefs Rank. They're used to trace website activity & growth within the project. DR (Domain Rating) metric is a sign of the project's website reputability that is ranked from 0 to 100 (the higher the rank, the better reputability). Organic Traffic - is a metric of how many monthly users visit the project's website via search engines. All these metrics are used for determining active or passive projects despite the artificial hype.
Website Rating (DR)
75 / 100
0.00%
Ahrefs Rank
37,589
1.06%
Organic Traffic (mo.)
0
These are the project's quantitative metrics of its Organizational GitHub Public account that can be used to trace regular or artificial development activity & growth within the project.
Public repos
279
Type
Organization
These are the project's quantitative metrics of its official GitHub Public Repositories that can be used to trace regular or artificial development activity, growth & popularity of the project.
Stars
103
0.00%
Watchers
23
0.00%
Forks
43
0.00%
Language
Rust
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