Lido announces a new partnership with Mellow Finance, one of the founding members of the Lido Alliance, to provide advanced DeFi vaults for stETH holders, including re-staking strategies developed in collaboration with Symbiotic. This update is expected to enhance the utility and liquidity of staked ETH, while also offering new re-staking opportunities for Ethereum stakers. Lido’s move comes in the wake of the re-staking trend sparked by EigenLayer, and marks the native creation of re-staking business.
Lido Now Offers Loyalty Points Mellow Finance and Symbiotic Team Up to Dominate the stETH ReStaking Market