a16z Invest In Lido Finance
a16z is aligned with the Lido community’s commitment to decentralization and making Ethereum staking as simple and secure as possible. Adding to this, a16z fully support our roadmap towards a fully trustless staking solution.
In addition to their investment in Lido, a16z is also staking a portion of their ETH holdings with Lido, recognizing that Lido removes many operational complexities for institutional investors.
Lido Finance is looking forward to having a16z participate in Lido as both a staker and a DAO governance participant, and to help us make staking available to everyone.
The Lido community’s unwavering commitment to decentralization really stood out. They recognize that for their approach to succeed, they will need to create a fully-trustless staking pool while also embracing alternative solutions.
Finally, Lido solves the competitive incentives between staking and seeking yield in DeFi. By issuing an Ethereum-native liquid token, Lido allows you to use staked ETH as collateral within DeFi in the same way you can use ETH currently.
a16z looks forward to supporting the Lido community on its long journey ahead. There will be competitive incentives even after the PoS transition between securing the Ethereum network by staking and alternatively seeking higher returns from participating in DeFi. a16z will contribute, as both a staker and governance participant, to help ensure a fair, transparent, and credible staking ecosystem.
ABOUT Lido Finance
Lido is a liquid staking solution for ETH 2.0 backed by industry-leading staking providers. Lido lets users stake their ETH – without locking assets or maintaining infrastructure – whilst participating in on-chain activities, e.g. lending.
Lido attempts to solve the problems associated with initial ETH 2.0 staking – illiquidity, immovability and accessibility – making staked ETH liquid and allowing for participation with any amount of ETH to improve security of the Ethereum network.
ABOUT a16z
Founded in 2009 by Marc Andreessen and Ben Horowitz, Andreessen Horowitz (known as “a16z”) is a venture capital firm in Silicon Valley, California, that backs bold entrepreneurs building the future through technology.
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