Lido · interactive mechanism simulation

Stakers deposit ETH → Lido Pool mints stETH 1:1 → batched into validators run by Node Operators → rewards flow back and rebase every stETH balance, minus a protocol fee to the Treasury. Some holders trade stETH on the Curve pool instead of waiting in the Withdrawal Queue. Try the depeg trigger to see 2022 replay.
Stakers deposit / hold stETH Lido Pool stETH supply: 0 Node Operators 0 validators Treasury 0.0 ETH Curve stETH/ETH peg: 1.000 Withdrawal Queue 0 pending
ETH staked (TVL)
0 ETH
stETH supply
0
Treasury fees
0.0 ETH
Curve peg
1.000 ETH/stETH
Parameters — edit me
3.5%
10%
1.4/s
50 kETH
Controls

Illustrative simulation. Defaults mirror the researched Lido mechanism (~10% fee split between operators and DAO, daily rebasing stETH, Curve secondary-market liquidity), but flows and timing are randomized for visualization — not live onchain data. The depeg button replays the mechanics of the May–June 2022 Curve pool drain, not the actual historical trade sizes. Part of The Onchain Experiment Atlas.