On September 25, in response to growing institutional demand, Fireblocks has reached an integration with Lido, providing simple and secure Lido liquid staking protocol and built-in access to stETH tokens. Users can now stake their ETH, earn rewards, and "use stETH for on-chain activities, including the Fireblocks Off Exchange feature, which allows Fireblocks users to lock their stETH in a self-custodial staking wallet for trading on exchanges such as Deribit and Bybit." Liquid staking enables users to "transfer and utilize staked tokens without being restricted by the strict requirements of stakers locking assets on the Ethereum network." The feature allows users to deposit tokens and "receive tradable liquid tokens (stETH) in return, thereby unlocking the ability to earn staking rewards while maintaining liquidity and access to their assets." Liquid staking through Lido may be "very useful for institutional ETH holders, providing the ability to stake without maintaining complex staking infrastructure."
