Introduction
As Ethereum has grown rapidly over the past several years, many projects have developed services that allow you to grow your ETH.
The goal of this blog article is to present the most effective and interesting way to earn interest on your ETH tokens.
Lido Finance :
A decentralized finance protocol called Lido Finance offers a staking platform, allowing users to earn rewards by placing their ETH without having to take care of transaction validation and network security.
Founded in 2020 by security experts from the Ethereum team, it is a secure, decentralized, and liquid way to stake.
From its launch until today, this protocol has enjoyed tremendous success and remains the industry standard.
Over 150,000 ETH have been staked, representing several hundred million dollars in transaction volume!
Although already very advanced, the potential of Lido Finance for the years to come is still enormous and its room for maneuvering is particularly wide: this protocol has already integrated several ultra-efficient networks into its framework, including Solana, Binance Smart Chain and many more!
In other words, by gradually integrating the most dominant networks in the crypto-asset market, Lido can establish itself as a leader in staking.
Moreover, Lido is developing features that will allow users to earn additional rewards, which can be in different forms, such as governance tokens (which are of great importance to the growing DeFi sector). Alternatively, these rewards can even go as far as NFT gains, which encourages investors to use the platform due to the two-step reward they can take advantage of.
Lido DAO (Decentralized Autonomous Organization) is also one of their initiatives, allowing holders of governance tokens to decide on the platform's future. It has played a major role in fostering a close-knit community around Lido, which is a significant asset for marking long-term growth.
Conclusion
In order to benefit from passive income thanks to DeFi, our CryptoSimple wallets use Lido Finance to grow the ETH present in them, which increases its number of tokens 24 hours a day!
