# Milk Road - Lido riding high on LSDs (Highlights)  ## Metadata **Review**:: [readwise.io](https://readwise.io/bookreview/24770595) **Source**:: #from/readwise **Zettel**:: #zettel/fleeting **Status**:: #x **Authors**:: [[Milk Road]] **Full Title**:: Lido riding high on LSDs **Category**:: #articles #readwise/articles **Category Icon**:: 📰 **Highlighted**:: [[2023-02-26]] **Created**:: [[2023-03-04]] ## Highlights - **Wtf is an LSD?** They’re the easiest way to stake your crypto without having to lock it up. ([View Highlight](https://read.readwise.io/read/01gt5x0rymx2x2vqdc1w86gzgx)) ^482437230 - **Behind the scenes, Lido takes your original ETH and stakes it for you.** Your new stETH token serves as an IOU for your original ETH, plus the staking rewards your original ETH will now earn. ([View Highlight](https://read.readwise.io/read/01gt5x2ghv2p82am8krtd7yz4a)) ^482437309 - **Lido announced V2 on Feb. 7** The big upgrade is that stETH holders will be able to **directly unstake their original ETH** from the platform, vs. instead having to swap between ETH and stETH via a DEX. ([View Highlight](https://read.readwise.io/read/01gt5x5926np4ba6fdkb0etq0b)) ^482437941 - All of this news means business is booming over at Lido. **They now manage over 30% of all currently staked ETH** (5.1M tokens, worth $8.7B at current prices.) ([View Highlight](https://read.readwise.io/read/01gt5x5xjyy4tat7er8n2135wa)) ^482437966