Thanks .. And what is the diference for staking eth

Question

Lido

Oshikuru

Thanks .. And what is the diference for staking eth

on lido or binance ? Lido is defi staking correct ? So why is more secure to stake on lido ?

#cryptocurrency #english #lido

0

30.01.2022

3 ответов

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Oshikuru Автор вопроса

John
Lido offers liquid staking which means that you ge...

Ok.. but is more secure to stake on binance or other exchange platform or on Lido ? Let say that I stake on binance and binance close their doors , I know that I will loose my staked eth with them.. but what if Lido one day close their doors ? I understand That I will still have steth in my wallet account but who launch steth ? Will steth worth also if one day Lido disapire ?

0

30.01.2022

cryptodenier (will NOT dm first)

Oshikuru
Ok.. but is more secure to stake on binance or oth...

Lido's maintains a decentralised infrastructure, where a users deposit would be split up through separate node operators/validators. Lido has also been audited by reputable leaders in blockchain security. You can find the audit here: https://github.com/lidofinance/audits. There's no intention to one day close doors, but the function of the stETH token is that users would be able to redeem an equivalent amount of ETH by redeeming their stETH token, so presumably if that happens you would be able to redeem/swap back your stETH for ETH.

0

30.01.2022

John · Accepted Answer

John

Lido offers liquid staking which means that you get a token representing your staked assets that can be used across defi. You can also exchange stETH for ETH to essentially unstake anytime

0

30.01.2022

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Thanks .. And what is the diference for staking eth

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