Lido KSM Liquid Staking Protocol, built on the Kusama chain, allows their users to earn staking rewards on the Kusama chain without locking KSM or maintaining staking infrastructure.
Users can deposit KSM to the Lido smart contract and receive stKSM tokens in return. The smart contract then stakes tokens with the DAO-picked node operators. Users' deposited funds are pooled by the Lido smart contract, and node operators never have direct access to users' assets.
Unlike KSM staked directly on the Kusama network, the stKSM token is free from the limitations associated with the lack of liquidity and can be transferred at any time. The stKSM token balance corresponds to the amount of the Kusama chain KSM that a holder can withdraw.
Follow our handy guides to get started on the basics as quickly as possible:
Learn the fundamentals of Lido on the Kusama chain to get a deeper understanding of our main features: