What is stDOT?
stDOT is a liquid token that represents your share of the total xcDOT pool deposited with Lido.
As soon as you delegate to the pool, you receive the newly minted stDOT. Over time, as your DOT delegation accrues rewards, the amount of your stDOT increases.
Interestingly, there is no waiting time for receiving stDOT tokens. When a user delegates their DOT tokens, they do not need to perform or wait for the completion of any delegation or activation steps, as is the norm in traditional staking. The user can instantly exchange stDOT for xcDOT at any time in the open market.
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Note that LIDO will be “Sunsetting” on Polkadot & Kusama in August 2023.
Who is the Issuer of stDOT?
stDOT DeFi Integrations
Explore apps and services using stDOT:
stDOT integrations
dApp
Use case
Link
LSD Utility
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