According to BlockBeats, on August 2, Lido announced the launch of its institutional-grade staking solution, Lido Institutional. This middleware solution combines the reliability and security required for enterprise-level staking with the liquidity and practicality needed for diverse institutional strategies.

Lido stated that as the protocol gains trust from an increasing number of well-known institutional partners, it has become the preferred choice for many institutions looking to participate in Ethereum staking. Lido remains committed to providing excellent staking solutions that meet the high standards of custodians, asset managers, and exchanges.