Hassan Maishera
The Lido Finance team announced via a blog post on Tuesday that it has partnered with Mellow Finance to provide stETH holders with access to several advanced DeFi vaults. The vaults are part of Lido's vision to enter the Ethereum restaking space and to provide Ethereum stakers with access to restaking opportunities.
By partnering with Mellow Finance, Symbiotic, and several strategy curators including Steakhouse, P2P, Re7 Labs, and MEV Capital, these vaults allow stETH holders to participate in decentralized restaking, offering a unique opportunity to explore more paths in the DeFi and Ethereum restaking ecosystem.
With this launch, stETH holders can restake stETH, receive Mellow Vault LRTs, receive staking rewards, receive additional staking rewards based on the vault’s curator strategy, and receive Mellow and Symbiotic points.
Lido is a secure liquid staking solution for proof-of-stake (PoS) cryptocurrencies that supports Ethereum 2.0 (The Merge) staking and a growing ecosystem of other Layer 1 PoS blockchains. Its native LDO token is down by 1% in the last 24 hours and is trading at $1.842 per coin.
