Lido (LDO)：流動質押終極指南

Lido 是一種去中心化協議，使用戶能夠參與以太坊質押，而無需將其 ETH 鎖定在驗證節點中。本指南將為您提供有關 Lido 所需了解的所有信息，包括其功能、優點和風險。

Lido is a decentralized liquid staking protocol that allows users to participate in Ethereum staking without locking their ETH in a validation node for an extended period. Instead, Lido issues liquid representative tokens (stETH and wstETH) that can be used to access other services within the DeFi ecosystem.

Lido 是一種去中心化的流動性質押協議，允許用戶參與以太坊質押，而無需將其 ETH 長期鎖定在驗證節點中。相反，Lido 發行流動性代表性代幣（stETH 和 wstETH），可用於存取 DeFi 生態系統內的其他服務。

Lido Staking Model

Lido 質押模型

The Lido protocol has developed a highly scalable liquid staking model by leveraging existing Ethereum infrastructure and adapting it into a system that allows users to participate without losing the flexibility of their capital. The technical aspects underpinning Lido include validator node participation, liquid token issuance (stETH, wstETH), and protocol governance through a DAO.

Lido 協議透過利用現有的以太坊基礎設施並將其改編成允許用戶參與而不失去資金靈活性的系統，開發了一種高度可擴展的流動質押模型。支持 Lido 的技術面向包括驗證節點參與、流動性代幣發行（stETH、wstETH）以及透過 DAO 進行協議治理。

Here's a closer look at each component:

以下是每個組件的詳細介紹：

Validator Node Participation: Lido operates a network of validator nodes that stake users' ETH in the Ethereum 2.0 chain. These nodes are selected based on their operational performance and security track record to ensure optimal returns and minimize the risk of losing staked capital.

驗證節點參與：Lido 運營一個驗證節點網絡，將用戶的 ETH 質押到以太坊 2.0 鏈中。這些節點是根據其營運績效和安全記錄來選擇的，以確保最佳回報並最大限度地降低損失質押資本的風險。

Liquid Staking and stETH Issuance: When a user deposits ETH into Lido, it is pooled and staked through the protocol's validator nodes. In return, the user receives a corresponding amount of stETH tokens, which represent their staked ETH and can be used to access other DeFi services or protocols. Lido also issues wstETH tokens, which are wrapped stETH tokens designed for use on other networks.

流動質押和 stETH 發行：當用戶將 ETH 存入 Lido 時，它會透過協議的驗證節點進行匯集和質押。作為回報，用戶會收到相應數量的 stETH 代幣，這些代幣代表他們質押的 ETH，可用於存取其他 DeFi 服務或協議。 Lido 也發行 wstETH 代幣，這些代幣是包裝好的 stETH 代幣，設計用於其他網路。

For example, wstETH can be used on Arbitrum, Optimism, and ZKSync to integrate Lido's liquid staking capabilities into these Layer 2 networks. This integration allows users to participate in Ethereum staking and simultaneously benefit from the faster and cheaper transactions offered by Layer 2s.

例如，wstETH 可用於 Arbitrum、Optimism 和 ZKSync，將 Lido 的流動性質押功能整合到這些第 2 層網路中。這種整合允許用戶參與以太坊質押，同時受益於 Layer 2 提供的更快、更便宜的交易。

DAO Governance: Lido is governed by a decentralized autonomous organization (DAO), which allows community members to participate in decision-making processes related to the protocol's development, fund allocation, and operational changes. LDO token holders can vote on proposals submitted to the DAO and influence the direction of the Lido protocol.

DAO 治理：​​Lido 由去中心化自治組織 (DAO) 治理，該組織允許社區成員參與與協議開發、資金分配和營運變更相關的決策過程。 LDO 代幣持有者可以對提交給 DAO 的提案進行投票，並影響 Lido 協議的方向。

Lido Token (LDO)

Lido代幣（LDO）

The Lido token (LDO) is a governance token used within the Lido ecosystem. The token gives holders the ability to vote on governance proposals related to the protocol and its evolution, allowing users to influence important decisions such as fund allocation, changes in fees, or modifications to the staking structure. Additionally, the LDO token can also be used as part of incentives within the platform, rewarding participants for their contribution to the ecosystem.

Lido 代幣（LDO）是 Lido 生態系統中使用的治理代幣。該代幣使持有者能夠對與協議及其演變相關的治理提案進行投票，使用戶能夠影響重要決策，例如資金分配、費用變化或質押結構修改。此外，LDO代幣還可以用作平台內激勵措施的一部分，獎勵參與者對生態系統的貢獻。

Is LIDO a Good Investment?

LIDO 是個好的投資嗎？

The decision to invest in the Lido token (LDO) depends on several factors related to risk tolerance and interest in the liquid staking ecosystem. As with any cryptocurrency investment, it is important to consider market volatility and regulatory uncertainty. Lido has gained popularity due to its capabilities and flexibility, making it an attractive platform for those seeking returns without sacrificing the liquidity of their assets.

投資 Lido 代幣（LDO）的決定取決於與風險承受能力和對流動質押生態系統的興趣相關的幾個因素。與任何加密貨幣投資一樣，考慮市場波動性和監管不確定性非常重要。 Lido 因其功能和靈活性而廣受歡迎，對於那些在不犧牲資產流動性的情況下尋求回報的人來說，它是一個有吸引力的平台。

However, its success largely depends on the growth of the staking market and the adoption of Ethereum 2.0, as well as its ability to maintain decentralized governance. While the token could generate good returns, investing in it carries inherent risks, so it is recommended to conduct thorough analysis and assess risk tolerance before making any decisions.

然而，它的成功很大程度上取決於質押市場的成長和以太坊 2.0 的採用，以及維持去中心化治理的能力。雖然該代幣可以產生良好的回報，但投資它具有固有的風險，因此建議在做出任何決定之前進行徹底的分析並評估風險承受能力。

Lido's Multichain Expansion

Lido 的多鏈擴張

Since its launch on Ethereum, Lido has expanded its presence to other chains like Polygon, Solana, Polkadot, and Kusama. Each case uses the same liquid staking model but is adapted to the specifics of each network. Additionally, wstETH issuance has enabled its integration into multiple networks, including Arbitrum, Optimism, and ZKSync.

自從在以太坊上推出以來，Lido 已將其業務擴展到其他鏈，如 Polygon、Solana、Polkadot 和 Kusama。每個案例都使用相同的流動性質押模型，但適應每個網路的具體情況。此外，wstETH 的發行使其能夠整合到多個網路中，包括 Arbitrum、Optimism 和 ZKSync。

Here's a brief overview of Lido's multichain expansion:

以下是 Lido 多鏈擴展的簡要概述：

Polygon Lido: Lido's liquid staking solution is now available on Polygon, enabling users to participate in Ethereum staking and earn rewards while enjoying the fast and low-cost transactions offered by Polygon. This integration caters to the growing demand for staking services and enhances the accessibility of Ethereum 2.0 participation.

Polygon Lido：Lido的流動性質押解決方案現已在Polygon上推出，使用戶能夠參與以太坊質押並獲得獎勵，同時享受Polygon提供的快速且低成本的交易。這種整合滿足了對質押服務不斷增長的需求，並增強了以太坊 2.0 參與的可及性。

Solana Lido: Lido has launched its liquid staking service on Solana, allowing users to participate in the network's consensus mechanism and earn rewards without locking their SOL tokens for an extended duration. This integration combines the strengths of Solana's high throughput and low latency with Lido's efficient staking infrastructure.

Solana Lido：Lido 在 Solana 上推出了流動性質押服務，允許用戶參與網路的共識機制並獲得獎勵，而無需長時間鎖定 SOL 代幣。這種整合將 Solana 的高吞吐量和低延遲的優勢與 Lido 的高效質押基礎設施相結合。

Polkadot Lido: Lido's liquid staking protocol has been deployed on Polkadot, enabling users to participate in the network's staking and governance processes without needing to run a validator node themselves. This integration allows users to earn rewards for contributing to the network's security while maintaining the flexibility to access their staked DOT tokens through Lido's liquid derivatives, known as stDOT.

Polkadot Lido：Lido 的流動質押協議已部署在 Polkadot 上，使用戶能夠參與網路的質押和治理流程，而無需自行運行驗證節點。這種整合允許用戶透過為網路安全做出貢獻而獲得獎勵，同時保持透過 Lido 的流動衍生性商品（稱為 stDOT）存取其質押的 DOT 代幣的靈活性。

Kusama Lido: Lido's liquid staking service is now available on Kusama, allowing users to participate in the network's "Wild West" testing ground and earn rewards for contributing to the network's development. This integration enables users to stake their KSM tokens and obtain liquid representative tokens, known as stKSM, which can be used to access other DeFi protocols and strategies.

Kusama Lido：Lido 的流動性質押服務現已在 Kusama 上推出，用戶可以參與網路的「狂野西部」測試場，並因對網路發展做出貢獻而獲得獎勵。這種整合使用戶能夠質押其 KSM 代幣並獲得流動性代表性代幣（稱為 stKSM），該代幣可用於存取其他 DeFi 協議和策略。

Arbitrum Lido: Lido's wstETH tokens have been integrated into

Arbitrum Lido：Lido 的 wstETH 代幣已整合到