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MEV_and_trading/staking/Lido.md
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## Notes on Lido Finance
## lido
<br>
### tl; dr
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* Lido uses a single token model, stETH that represents users' staking deposits. stETH is minted at 1:1 ratio of ether deposited into the Lido platform.
* Staking rewards accrue to the stETH token through a daily rebasing mechanism.
* 10% fee on accrued staking rewards that is evenly split between the Lido DAO and node operators.
* q1/23 stats: inflow of 1.09mil eth staked, market share to 72.3%, fees generated: $117mil, $LDOUSD + 152% (second largest fee generating protocol after uniswap)
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<br>
----
### resources