Lido is a blockchain-based startup that operates in the decentralized finance (DeFi) market. It provides a platform for users to stake their tokens from various networks, including Ethereum (ETH) and Polygon (MATIC), and earn daily staking rewards. Staking is essentially a process where users hold their tokens in a cryptocurrency wallet to support the operations of a blockchain network. In return, they receive rewards, which can increase the value of their holdings.

Lido's unique selling point is its liquid staking feature. Unlike traditional staking where tokens are locked up for a period, Lido allows users to receive stTokens (such as stETH or stMATIC) in return for their staked tokens. These stTokens can be used across the DeFi ecosystem, allowing users to earn additional rewards. This means users can continue to earn staking rewards while also using their staked tokens in other DeFi applications.

Lido operates as a Decentralized Autonomous Organization (DAO), meaning it's governed by its community of token holders. These holders use Lido's governance token (LDO) to vote on key decisions about the platform's operations and protocols.

Lido's business model is based on generating revenue from the staking rewards earned by its users. It also offers additional services like allowing users to borrow tokens against their stETH or stMATIC while still retaining their staking rewards. Users can also provide liquidity to Balancer MetaStable Pools to earn LDO and BAL tokens.

In summary, Lido is a DeFi platform that offers liquid staking services, allowing users to earn rewards while also using their staked tokens in other DeFi applications. It operates as a DAO and generates revenue from staking rewards and additional services.

Keywords: Lido, DeFi, staking, liquid staking, stETH, stMATIC, DAO, governance token, LDO, Balancer MetaStable Pools.