Lido DAO is a community that builds liquid staking service for Ethereum. Lido allows users to earn staking rewards without locking assets or maintaining staking infrastructure. Lido liquid staking protocol is an Ethereum 2.0 liquid staking protocol solving these drawbacks. Users can deposit their ether in Lido smart contracts and receive stETH -- a tokenized version of staked ether -- in return. The DAO-controlled smart contracts then stake tokens with DAO-picked node operators. Users' deposited funds are controlled by the DAO, node operators never have direct access to the users' assets.
Unlike staked ether, the stETH token is free from the limitations associated with a lack of liquidity and can be transferred at any time.