Ethereum Staking Platform Lido Launches Restaking Vaults In Collaboration With Mellow Finance And Symbiotic

According to Odaily, Ethereum staking platform Lido has partnered with Mellow Finance and Symbiotic to launch Restaking Vaults. This new initiative will allow traders to use a restaking tool, which could help Lido's stETH re-enter the restaking market. Lido is currently the largest decentralized finance protocol on Ethereum, with deposits valued at $27 billion. The Restaking Vaults are a significant development for Lido, as they provide a mechanism for traders to re-stake their assets. This could potentially increase the liquidity of stETH in the restaking market. The collaboration with Mellow Finance and Symbiotic is expected to enhance the functionality and efficiency of the restaking process. Lido's position as the largest decentralized finance protocol on Ethereum is significant, with its deposits valued at a substantial $27 billion. This indicates the scale of its operations and the level of trust that users have in the platform. The launch of the Restaking Vaults is expected to further solidify Lido's position in the Ethereum ecosystem.