News/Moonbeam Is Working with Lido to Bring Liquidity Staking to the Polkadot Ecosystem

Moonbeam Is Working with Lido to Bring Liquidity Staking to the Polkadot Ecosystem

May 31,2022,20:41
Moonbeam Network is working with Lido, a liquidity staking protocol, to bring Lido's liquidity staking to the Polkadot ecosystem. The Lido integration enables holders of Polkadot's native cryptocurrency, $DOT, to stake their assets in the form of $xcDOT (cross-chain $DOT), for which they receive an $stDOT (staked $DOT) token. Both $xcDOT and $stDOT are XC-20 tokens, a token standard created by Moonbeam.
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