Hexens is a cybersecurity consulting firm specializing in blockchain and DeFi projects. They offer a wide range of services, including smart contract audits, security advisory, and penetration testing, aiming to secure digital assets and data with a novel approach. Hexens is trusted by well-known organizations within the crypto space.


Polygon is a protocol and a framework for building and connecting Ethereum-compatible blockchain networks

Polygon

DeFi / DEX aggregator that is interested in high liquidity and optimal rates on Ethereum, Binance Smart Chain, Optimism, Polygon

1inch

### What

Lido is an open source tool and family of protocols that enables users to mint liquid staking tokens (sTokens) - These liquid staking tokens receive rewards from validation activities of writing data to the blockchain, but unlike their staked counterparts, are "unlocked" which means they can be used in other on-chain activities, like DeFi. 

Lido protocols let users stake native tokens (ETH, MATIC, SOL) from Ethereum, Polygon, and Solana networks in a fully permissionless way. And as the protocols are deployed on public blockchains, users do not need the website to access the smart contracts.

### Why

Traditional staking means that users need to lock-up their ETH or other native asset to be able to secure the network and receive the respective rewards. However, this means that these tokens can't be used for anything else while they are staked. Lido aims to solve this problem. 

Lido protocols give users liquidity - users are able to receive staking rewards from validation activities, but can sell their stTokens (tokens minted on Lido) anytime they want to exit their staking position. 

In addition, it allows users to participate in DeFi while getting rewards - Because sTokens are unstaked and thus "liquid", users can use stTokens as building blocks in DeFi protocols at the same time as getting staking rewards from validating activities.

The Lido DAO also works with experienced node operators, which decreases the likelihood of technical mistakes that could lead to slashing or penalties and minimizes the technical burden for users to receive staking rewards. Users supply the stake, and the node operators supply the know-how.


Lido

Stake ETH across multiple protocols at once

Restaking enables staked ETH to be used as cryptoeconomic security for protocols other than Ethereum, in exchange for protocol fees and rewards.

Hexens

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