With the Ethereum Shanghai upgrade getting close, the LSD (Liquid Staking Derivatives) field received great attentions since 2023. Protocols like Lido, Rocket Pool, etc rosed sharply. Among them, Lido occupies about 70% of the market share of LSD, accounting for more than 25% of the total staked ETH.

In OKX Wallet, you can not only directly stake ETH by visiting Lido's official website in the "Discover" module, but also earn money in the "Yield" module. More than 100+ DeFi protocols have been integrated, among which Lido related yield protocols includes Curve, Aave and SushiSwap. We provide a variety of ways to participate in Ethereum staking to gain earnings, users can make their choose according to their own needs and risk preferences.

The PoS network still has a high barrier to entry for potential users, and Lido aims to solve the problem of insufficient liquidity of the staking. The user entrusts the staking right to the node operator through the smart contract of Lido, and shares certain consensus reward while indirectly participating in the block generation.

Now, there are three main ways to gain income around the whole Lido ecosystem:

1. Get stETH originally from the Lido official site and share POS consensus award;

2. Combine into LP with other tokens(mainly ETH), provide liquidity to DEX Pools. Then gain trading fees and protocol incentives;

3. Adding leverage on top of stETH borrowing, which amplifies the return on the staking by ~3x leverage.

Compares to ETH, you can get the staking reward every day by holding stETH or wstETH (Current APR~5.5%). When users use stETH or wstETH to provide liquidity or lend money as collateral, they can still receive the staking reward. This allows users to receive additional rewards from Defi, or to increase the utilization of their assets, while staking. In addition, there are projects focusing on aggregator, fixed income, risk management and other initiatives.