What is Flido?

Combining the powers of Lido + Flashstake protocols, Flido allows you to lock in stETH rates for as little as one minute or up to six months and earn the entire yield upfront.

Can I Withdraw Early?

Yes, you can withdraw your principal at any time by simply burning fTokens. The amount you must burn reduces block-per-block until it reaches zero when your initial staking duration ends.

We are currently working on solutions to improve fToken liquidity.

How Do I Get fTokens?

To get fTokens, you must buy them off the open market or you can mint fTokens using the “Advanced” mode on the dapp by clicking the gear icon, then going to the “Stake” tab.

What are the Risks of Flido?

There are currently two primary identified risks of utilizing Flido.

  1. Exploit found within the Lido protocol.
  2. Exploit found within the Flashstake protocol.

In addition to two public audits, Flashstake performed many months and rounds of Testnet Security Competitions before launching on mainnet.

There is an active bounty of 3M tokens for anyone who finds active exploits in the protocol.

Where Does the Yield Come From?

100% of all Flido yield comes from the Lido liquid staking protocol on the Ethereum mainnet.