•Lido DAO community has voted to distribute LDO rewards across Aave v3 liquidity pools.
•The distribution of rewards will be available on Ethereum, Arbitrum and Optimism blockchains.
•Users can earn LDO rewards by staking ETH on the Lido protocol.
Lido to Distribute LDO Rewards Via Aave v3 Liquidity Pools
The Lido DAO community has approved by over 99% of the vote to allow for staking rewards distribution across Aave v3 liquidity pools. This means that users can now stake Ether (ETH) on the Lido protocol and earn daily rewards in the form of native LidoDAO token (LDO).
Rewards Distribution Across Ethereum, Arbitrum and Optimism Blockchains
The distribution of staking rewards will be available on Ethereum, Arbitrum and Optimism blockchains. Every „emission admin“ on these three networks will have access to a wallet that is controlled by Lido.
Aave V3 Protocol Deployed On Layer-2 Blockchains
Aave recently deployed its version 3 protocol on Ethereum and had already launched it on layer-2 blockchains like Arbitrum and Optimism. In 2022, Lido DAO announced that it would offer stETH rewards to liquidity providers on both Arbitrum and Optimism as part of their effort to spur further adoption of the staking platform.
Earn Rewards When Staking ETH On The Platform
Lido users can stake any amount of ETH and earn daily rewards in the form of LDO tokens. Withdrawal of staked ETH is possible after Ethereum’s upcoming network upgrade – Shanghai hard fork expected this March.
5 Million+ ETH Already Staked On The Platform