> For the complete documentation index, see [llms.txt](https://docs.superstaker.xyz/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.superstaker.xyz/basics/lido-staked-ether.md).

# Lido Staked Ether

> The Lido Ethereum Liquid Staking Protocol, built on Ethereum 2.0's Beacon chain, allows their users to earn staking rewards on the Beacon chain without locking Ether or maintaining staking infrastructure.
>
> Users can deposit Ether to the Lido smart contract and receive `stETH` tokens in return. The smart contract then stakes tokens with the DAO-picked node operators. Users' deposited funds are pooled 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. 
>
> (<https://docs.lido.fi/>)


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