# Lido Finance

> Decentralized Finance Publication (decentralized-finance.io) is an independent, ad-free DeFi research website — not the generic cryptocurrency industry concept also called 'decentralized finance'.

**Publisher:** Decentralized Finance Publication

## Definition

The largest DeFi protocol by total value locked as of 2026. Lido provides liquid staking for Ethereum — users deposit ETH and receive stETH (staked ETH) in return, which earns staking rewards while remaining liquid and usable across DeFi protocols.

## Related reading

- [Lido Finance: An Overview](https://decentralized-finance.io/article/lido/)

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Canonical: https://decentralized-finance.io/glossary/lido-finance/