Questions tagged [stake with lido]

CryptoAce Tue May 14 2024 | 6 answers 1491

I'm considering staking with Lido, but I'm a bit concerned about the safety aspect. Could you please elaborate on the security measures taken by Lido to ensure the safety of staking? Are there any known vulnerabilities or hacks that have occurred in the past? Additionally, how does Lido handle smart contract audits and ensure the integrity of their staking platform? I'd also like to know if there are any insurance mechanisms in place to protect users' funds in case of any unexpected events. I'm trying to make an informed decision, so your insights would be greatly appreciated.

CryptoDynasty Mon May 13 2024 | 7 answers 1630

Hello, I'm considering staking with Lido, but I'm not sure if it's a risky move. Could you please explain to me the potential risks involved in staking with this platform? I've heard about the smart contracts and the liquid staking concept, but I'm still a bit uneasy about the security aspect. Could you also tell me about Lido's reputation in the industry and any previous instances of hacks or security breaches? Additionally, I'm interested in understanding the returns offered by staking with Lido and how they compare to other staking platforms. Thank you for your time and assistance.