When staking with Lido, users receive stETH tokens on a 1:1 basis representing their staked ETH. stETH balances can be used like regular ETH, and are updated on a daily basis to reflect your ETH staking rewards. Note that there are no lock-ups or minimum deposits when staking with Lido.
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When using Lido, users receive staking rewards in real-time, allowing for participation in the securing of Ethereum. Rewards are updated on a daily basis each day at 12PM UTC.
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Learn more here.