Total ETH Staked with Lido

    Lido is a liquid staking platform built on top of the Ethereum 2.0 beacon chain. Users can deposit ETH into Lido and receive stETH in return. The benefit is that the users can receive staking rewards while retaining a liquid version of ETH to use in other protocols. For example a user can take their stETH and using it as collateral on AAVE. This is a win-win as the beacon chain benefits from more ETH being staked to validators and the user retains access to their ETH. As a result Lido has grown tremendously capturing over 30% of all staked ETH (https://research.lido.fi/t/should-lido-on-ethereum-be-limited-to-some-fixed-of-stake/2225). The chart below shows the current total amount of ETH staked with Lido: