/ Conviction Index / Lido (LDO / stETH)

Lido (LDO / stETH)

DeFi · Liquid Staking · LDO · stETH · Launched Dec 2020
A-

Excellent (A-) — Conviction Grade

Lido is the dominant Ethereum liquid-staking protocol — controls ~28% of all staked ETH (Q2 2026). Strong product-market fit; stETH is the canonical liquid-staking token. Centralization concerns around Lido's dominance have been a governance topic for years.

87
Composite / 100
/ Subscore Breakdown · 5 Dimensions

Where this grade comes from.

Protocol Security
A-
Governance Decentralization
B
Liquidity
A
Adoption & Utility
A
Regulatory Posture
B+
/ Public-Record Events

Key events & disclosures.

  • Mainnet Dec 2020
  • ~28% of staked ETH (Q2 2026)
  • stETH canonical LST
  • Centralization governance debates

/ Best for

Liquid staking exposure; institutional staking allocation seeking liquid representation; stETH as DeFi collateral.

/ Watch out for

Lido's market share (~28%) approaches Ethereum's decentralization safe-threshold. Verify your allocation aligns with ecosystem-decentralization principles.