Atrix partners with Lido to grow stSOL liquidity on the Serum orderbook.

Starting on Jun 27th, users will be able to stake their stSOL/USDC, stSOL/USDT, and stSOL/SOL pairs to earn LIDO emissions.

What is Lido and stSOL?

Lido provides liquidity for staked assets, and has over $5 billion in assets staked.

Stake your Solana and receive stSOL. Use your stSOL to earn additional yields and put your staked SOL to work across the Solana ecosystem.

Lido has big plans for their validators on Solana:

1. To make the Lido on Solana validator set more decentralized we plan:

• Not to add validator nodes from the superminority group to the Lido validator set.
• Increase the number of distributed nodes in the pool by removing barriers in the form of 100% commission nodes.
• Onboard new validators from other ecosystems and non-crypto projects — train them how to run and configure nodes (assist in server configuration and data center location).

2. To make the Lido on Solana validator set more attractive to validators, we will do the following:

• Change the smart contract by removing 100% of nodes and adding the ability to use a public node in a cluster to participate in the Lido program.
• Provide marketing support to validators and help to build a profitable staking business.

3. To make the Lido on Solana validator set more stable and productive,

• Publish our vision of “good validator” performance metrics.
• Make a public dashboard displaying validator metrics and problem alerts.
  Provide education to validators and share best practices.

How to get started?

To start earning rewards, users will need to contribute stSOL and a paired token in equal parts to the Atrix liquidity vaults, after which they will receive Atrix LP tokens (ALP), which can be staked into the respective Atrix staking vaults.

About Lido

Lido 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.

Website | Twitter |

About Atrix

Atrix is an AMM built on Solana which utilizes Serum’s order books and allows for permissionless liquidity pool and farm creation. Atrix will provide users and projects the best experience for swapping on and adding liquidity to Serum, and interacting with farms.

Website |Twitter |

Source

The post Atrix Partners With Lido appeared first on Smart Liquidity Research.