stDOT is a liquid token that represents your share of the total xcDOT pool deposited with Lido.
As soon as you delegate to the pool, you receive the newly minted stDOT. Over time, as your DOT delegation accrues rewards, the amount of your stDOT increases.
Interestingly, there is no waiting time for receiving stDOT tokens. When a user delegates their DOT tokens, they do not need to perform or wait for the completion of any delegation or activation steps, as is the norm in traditional staking. The user can instantly exchange stDOT for xcDOT at any time in the open market.
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<aside> ⚠️ Note that LIDO will be “Sunsetting” on Polkadot & Kusama in August 2023.
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Explore apps and services using stDOT:
<aside> ⚠️ This is a LIVE document, continuously updated by the protocol teams, communities and ‣ contributors. Note that the information in this Notion board might be outdated or wrong. The contributors are not liable for any incorrect or incomplete information within this Notion board.
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