Lido Introduces 'Restaking Vaults' in Collaboration with Symbiotic, Mellow Finance

Lido Introduces ‘Restaking Vaults’ in Collaboration with Symbiotic, Mellow Finance

Lido, the Ethereum staking stalwart, has recently been grappling with the frenzy around “restaking,” a new trend that threatens to erode the staking platform’s grip on decentralized finance (DeFi).

Lido is controlled by the Lido DAO, a consortium of LDO token-holders who vote on protocol strategy and key upgrades.

A new initiative from the DAO will see Lido’s partnering with Mellow Finance, a platform that lets users generate yield by depositing into restaking “vaults,” and Symbiotic, a permissionless restaking protocol. Under the new initiative, traders will gain access to restaking tools that could help return Lido stETH to center stage.

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“The strategy for Lido is to

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