Lido's Push in DeFi Innovation
Lido's newly launched stRATEGY Vault offers a diversified DeFi investment strategy using Mellow Core Vault architecture. It allows deposits in ETH, WETH, or wstETH and provides strETH, aligning with increased Ethereum institutional interest post-spot ETH ETF approvals in the US. The launch strengthens Lido's innovation in DeFi, impacting Ethereum and its derivatives, with early participants incentivized through Mellow Points.
In-Depth Look at the stRATEGY Vault
Lido's stRATEGY Vault allows users to deposit ETH-based assets and earn from diversified strategies. Jakov Buratović, a key figure at Lido, highlights the vault's simplicity and its Mellow backing.
Lido Protocol’s stETH already underpins much of DeFi, and the stRATEGY Vault builds on that foundation. Powered by Mellow’s Core Vaults, it gives users a simple way to access a diversified set of strategies built around stETH in one place. — Jakov Buratović, Master of DeFi, Lido Ecosystem Foundation
ETH, WETH, and stETH emerge as pivotal in this diversification, impacting the DeFi landscape. Early participation offers Mellow Points, possibly boosting liquidity and TVL.
The introduction could shift Ethereum's usage in DeFi, with potential growth in institutional involvement. Long-term effects on Lido's governance token, LDO, remain to be tracked as participation grows.
Mellow's infrastructure is positioned to attract institutional interest, potentially reshaping DeFi strategies globally. The new vault strengthens Lido’s role in the DeFi ecosystem, leveraging historical trends for future growth.