What is Lido stRATEGY?
The Lido stRATEGY Vault offers diversified exposure to curated DeFi opportunities built around stETH. Instead of managing multiple positions across protocols, users can deposit once and gain exposure to a selection of battle-tested DeFi strategies through the Earn section on stake.lido.fi/earn.
Built on the Mellow Core Vault stack, the stRATEGY Vault is designed for users seeking streamlined access to multi-protocol yield generation and the ability to get Mellow points while holding strETH.
How stRATEGY Works
At launch, the stRATEGY Vault allocates across a range of liquid, established DeFi integrations, including Aave, Ethena and Uniswap. These strategies focus on lending, looping, and liquidity provision, dynamically adjusted as market conditions evolve.
Vault management, including allocation and rebalancing, is handled automatically via Earn, with all rewards reflected in the value of the strETH token.
Using the stRATEGY Vault
Go to stake.lido.fi/earn/strategy.
Connect your wallet.
Deposit ETH, WETH, or wstETH.
To deposit stETH, first convert it to wstETH via stake.lido.fi/wrap.
Receive strETH, representing your share of the vault.
Hold strETH while DeFi rewards accrue automatically in the background.
Withdraw strETH back to wstETH when you decide to exit the vault.
wstETH can then be unstaked via stake.lido.fi/withdrawals/request, held, swapped, or used in other DeFi protocols.
stRATEGY: Frequently Asked Questions
1. What is the Lido stRATEGY Vault?
The stRATEGY Vault is a curated DeFi vault built on Mellow Core, offering diversified exposure to multiple DeFi protocols such as Aave, Ethena, and Uniswap.
2. What tokens can I deposit into the stRATEGY Vault?
You can deposit ETH, WETH, or wstETH. To deposit stETH, first convert it to wstETH using stake.lido.fi/wrap.
3. What do strETH tokens represent?
strETH tokens represent your proportional share in the stRATEGY Vault. Their value increases as rewards accrue from the vault’s underlying strategies.
4. When are rewards distributed?
Rewards are continuously reflected in the strETH token’s value and realized upon withdrawal to wstETH.
5. Can I withdraw anytime?
Yes. You can withdraw your strETH from the vault at any time.
6. What are the risks?
As with all DeFi products, risks include smart contract risk, protocol risk, and market volatility. The stRATEGY Vault mitigates these by focusing on established, liquid integrations, but risks remain.