: : [Crypto/Report] Lido: The Most Important Protocol on Ethereum As Ethereum’s largest liquid staking provider, Lido has become a core piece of staking infrastructure that has matured alongside the Ethereum protocol, staying closely aligned with Ethereum’s philosophy despite its massive scale and the many experiments and crises it has gone through. This report traces Lido’s journey from how it quickly established a dominant position in the early Ethereum staking market to how it overcame centralization concerns and evolved into core staking infrastructure aligned with Ethereum’s path toward decentralization. We hope this report helps readers better understand the history of Ethereum staking with Lido, and serves as a useful reference for institutions and builders looking to launch various onchain initiatives using staking. Written by @r2Jamong & @JayLovesPotato (@FPValidated) 👇