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Lido Is Going To Polkadot’s Moonbeam

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Moonbeam Network is a connectivity layer between the Ethereum blockchain and services being built on Polkadot. The company announced that they will be adding liquid staking with Lido. It is being ​​​​developed in collaboration with MixBytes.

Polkadot is bringing liquid staking to its network of blockchains, allowing cryptocurrency owners who’ve pledged to support the proof-of-stake (PoS) network an avenue to increase their revenue streams by earning additional yield in decentralized finance (DeFi) applications.

Moonbeam Network launched in January of this year after raising an impressive $1.3 billion. They went on to secure a para chain slot on Polkadot and extended partnership. Since then, Moonbeam Network has been assembling the infrastructure and tools needed to blend activity across multiple blockchains.

The move to bring Lido’s liquid staking to Polkadot’s Moonbeam is being facilitated by blockchain auditing and staking specialist MixBytes.

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