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Update Ethereum Staking Widget “faq-stake-page”
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solidovic committed Nov 22, 2023
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pageIdentification: Stake_Page
faq:
- question: What is Lido?
questionId: What_Is_Lido
answer: Lido is the name of a family of open-source peer-to-system software
tools deployed and functioning on the Ethereum, Solana, and Polygon
blockchain networks. The software enables users to mint transferable
utility tokens, which receive rewards linked to the related validation
activities of writing data to the blockchain, while the tokens can be used
in other on-chain activities.
- question: How does Lido work?
questionId: How_Does_Lido_Work
answer: While each network works differently, generally, the Lido protocols
batch user tokens to stake with validators and route the staking packages
to network staking contracts. Users mint amounts of stTokens which
correspond to the amount of tokens sent as stake and they receive staking
rewards. When they unstake, they burn the stToken to initiate the
network-specific withdrawal process to withdraw the balance of stake and
rewards.
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