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STAKING OPERATOR · FILE lido
Lido

Operator

Lido

Lido is the largest liquid-staking protocol on Ethereum (and several other chains), holding roughly a third of all staked ETH. You deposit ETH, you receive stETH, and stETH rebases daily as rewards accrue. Lido itself is a DAO; the validator set is curated rather than permissionless, which is the most common critique.

lido.fi ↗ @lidofinance ↗
Dossier №
00019
Tracked since
2026

Chains

5

Validators

5

Total stake (USD)

$25.2Billion

Avg fee

10.0%

Pull quotes

What stands out about Lido

Biggest network share

—

of its chain's stake

Polkadot

Lido

Polkadot

→

Highest reward

12.0%

per year, after fees

Polkadot

Lido

Polkadot

→

Lowest fee

10.0%

validator commission

Ethereum

Lido

Ethereum

→

Briefing

What to know about Lido

Scale

Lido operates across multiple major chains — running 5 validators across 5 chains, with standard-commission profile (avg 10.0%). Stake delegated to this operator earns the chain's network reward rate minus that commission, so a chain paying 5% with a 5% commission yields ~4.75% to the delegator.

Risk

No jailed validators detected on the chains we cover at the time of last refresh. Slashing risk on any individual validator passes through pro-rata to its delegators — operator-wide insurance is rare. Spreading large positions across two operators reduces concentration risk.

How we measure

Numbers above are pulled live from each chain's own RPC / LCD endpoint and refreshed hourly. Stake totals are denominated in each chain's native units (ATOM, SOL, ETH …) and converted to USD via spot prices for cross-chain comparability. Where a chain doesn't expose a particular field, that row hides rather than rendering a zero — nil values do not become 0.

Operates on 5 chains

Chain coverage

Each card is the operator's lead validator on that chain — the one with the highest reward rate.

Polkadot

Polkadot

DOT

→

Lido

Reward

12.0%

Fee

—

Share

—

Base

Base

ETH

→

Lido (wstETH)

Reward

2.8%

Fee

—

Share

—

Arbitrum

Arbitrum

ETH

→

Lido (wstETH)

Reward

2.8%

Fee

—

Share

—

Ethereum

Ethereum

ETH

→

Lido

Reward

2.58%

Fee

10.0%

Share

—

Polygon

Polygon

POL

→

Lido

Reward

1.8%

Fee

—

Share

—

Dossier №00019
Visit Lido ↗

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Background on operators

Read more before delegating

Guide

What's a staking provider?

What an operator actually does, why your choice matters, and what to look for in a track record.

Read the guide →

Guide

What does a validator actually do?

Operators run validators. Knowing what a validator does helps you judge whether the operator is doing it well.

Read the guide →

Guide

Liquid staking, in plain English

Some operators run liquid-staking pools instead of plain delegation. Here's how that changes the trade-offs.

Read the guide →

Frequently asked

About Lido

Who is Lido?

+

Lido is a professional staking operator — a company that runs validator infrastructure across blockchains so people don't have to. They currently run validators on 5 chains we track.

Is Lido trustworthy?

+

When you delegate stake, you grant the operator the right to validate on your behalf — you don't transfer custody. The two questions to ask: have they been slashed (the chart on this page would show the gaps), and is their commission reasonable for the chain. The page header above shows their average fee, and the chain coverage section shows their reach.

How do I pick the right validator under this operator?

+

On chains where they run multiple validators, the chain coverage section above shows the lead validator (highest reward rate after fees). Click into a chain card and you'll see all of their validators on that chain plus how each ranks. Lower commission isn't always better — uptime and stake size matter too.

Can I switch operators after I've staked?

+

Yes, but it's not free. You either undelegate (which triggers the chain's unbonding period — a few days to a few weeks with no rewards) and then re-delegate, or use a 'redelegate' transaction if the chain supports it (Cosmos chains do; some chains don't). On Ethereum, switching pools means selling one LST for another, which has a transaction cost.