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It was introduced in 2020 on the Lido protocol, anticipating Ethereum's shift to proof-of-stake.

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It is a part of the Lido decentralized finance (DeFi) project, which enables users to earn rewards from staking without needing to run their own Ethereum 2.0 validator nodes.*The Lido Project*Lido is a decentralized Ethereum 2.0 staking solution.

It aims to solve the challenges of staking in the Ethereum 2.0 network by offering liquidity for staked ETH.

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Lido allows holders of STETH to benefit from the potential increase in value of staked ETH while also maintaining some liquidity.boost sales by automating content creation for social media campaigns with ai tools Secure Financial Investments: Double Your Wealth Fast