Lido Finance is transforming Ethereum staking through its decentralized autonomous organization (DAO) known as Lido Dao. With Lido Finance, users can pool their Ethereum (ETH) together and stake collectively, bypassing the 32 ETH requirement for individual staking. This opens up staking opportunities to a wider audience. By depositing ETH into Lido Finance's smart contract, users receive stETH tokens, representing their stake in Ethereum 2.0. Lido Finance handles the technical complexities of running validators and distributing staking rewards, making it hassle-free for users.
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