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19 September 2021

Moonbeam Joins Forces with Lido to Provide DeFi Liquid Staking on Polkadot

Moonbeam Joins Forces with Lido to Provide DeFi Liquid Staking on Polkadot


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Moonbeam Joins Forces with Lido to Provide DeFi Liquid Staking on Polkadot.

The integration on the protocol will launch liquid staking to both Moonriver and Moonbeam as DOT enthusiasts get the chance to stake their holdings while accessing liquidity for their staking positions.

Moonbeam’s founder, Derek Yoo, suggests that adding liquidity staking on the platform will bolster the growth of the DeFi ecosystem within the Polkadot network.

Consequently, liquidity staking will enable Polkadot’s cross-chain messaging protocol (XCMP) to gain its first beneficial use case. .

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