Lido Staked SOL is a liquid staking protocol designed specifically for the Solana blockchain, governed by the Lido DAO. This innovative platform allows users to stake their SOL tokens with Lido, receiving an on-chain representation of their staking position known as stSOL. This feature provides Solana token holders with enhanced liquidity for their staked assets. When users delegate their SOL to the Lido pool, they instantly receive stSOL tokens, which represent their stake. This immediate issuance means that there is no waiting period for users to access their staked assets. Additionally, as users’ SOL delegation earns rewards over time, the value of their stSOL tokens increases, reflecting the accrued benefits of staking. stSOL serves multiple purposes within the DeFi ecosystem. Users can trade their stSOL tokens or utilize them as collateral in various decentralized finance applications, maximizing the utility of their staked assets. This flexibility enhances the overall staking experience, allowing users to engage actively in the DeFi space while still earning rewards from their staked SOL. By leveraging the advantages of liquid staking, Lido Staked SOL empowers users to participate in the Solana network while maintaining access to their funds and opportunities for additional earnings. This approach not only facilitates liquidity but also fosters a more dynamic interaction with other DeFi products.