Introducing The 'stETH in DeFi' Hub

Lido -

Contributors to Lido DAO are happy to announce the new 'stETH in DeFi' hub on Lido.fi, creating an information hub where you can discover the many ways to use stETH across DeFi protocols. This new hub brings together diverse options from across the ecosystem, making it easier than ever to explore and learn about different ways to use stETH. 

 

 

What's New

Until now, finding ways to use stETH in DeFi meant navigating through multiple websites, documentation pages, and community discussions. The new stETH in DeFi page changes this by bringing selected protocols and curators together in one intuitive interface. Whether you're interested in third-party lending and borrowing, third-party diversified rewards or restaking options, you can now discover them in a single place.

 

Key Features

The stETH in DeFi page launches with a small selection of DeFi options, with more coming soon.

 

 

The stETH in DeFi page covers four main categories:

  • Third-Party Lending and Borrowing: Utilize your stETH - lend it out or borrow against it to access liquidity through third-parties when needed.
  • Third-Party Diversified Rewards: Discover multimodal DeFi options for stETH with dynamic rebalancing and flexible operation.
  • Restaking: Use stETH as collateral in restaking for third-party rewards.
  • Leveraged Staking (coming soon): stETH can be used as collateral and leverage ETH using native rate feeds.

 

Each featured strategy includes essential information to help you evaluate the options available, including the name of curator or protocol, and type of rewards available. However, users are encouraged to conduct their own research and assess whether specific use cases align with their objectives.

 

Using stETH in DeFi

Whether you're just starting out or you're an experienced DeFi user, the new stETH in DeFi page helps you discover strategies that match your experience level and goals.

 

What makes stETH stand out for DeFi strategies?

  • Multiple strategy options: New to DeFi? Start with simple third-party lending or liquidity provision. Ready for more? Explore advanced recursive strategies.
  • Highly liquid and widely adopted: stETH is extensively utilized across third-party lending platforms, restaking protocols, and exchanges, with deep liquidity across major DeFi platforms, making it easy to enter and exit positions when you need to.
  • Minimize Slashing Risk: Benefit from stETH's reliance on a diverse and decentralized validator set.
  • Multichain: While initially limited to Ethereum mainnet, in the future the page will expand to showcase use cases on multiple L2 networks and beyond to benefit from new strategies and enhanced efficiency, while still enjoying Ethereum's security.
  • Fully Audited and Battle-tested: With multiple audits and a Bug Bounty Program, stETH has been rigorously monitored and undergone extensive security assessments.

 

What’s Next

The stETH in DeFi page is designed to evolve alongside the ecosystem. Contributors to the Lido DAO are committed to regularly updating this hub with new use cases as they emerge, making it an essential resource for discovering ways to use stETH.

 

Visit the new stETH in DeFi page section on Lido to begin exploring these selected curators and protocols.