Introduction

Lido is a staking protocol that allows for liquid staking of multiple assets such as Ethereum, Terra and Solana. Normally, the coins that you are staking are locked and cannot be used for anything else. With Lido, users are able to stake their assets and get a token in return that can be used to redeem their staked assets. This is called liquid staking as this new token can be used freely. For Ethereum, this token is called stETH (staked ETH).

In this dashboard, we will look at the top ETH stakers on Lido.

Methodology

In order to find the top ETH stakers on Lido, we need to find the top holder of the stETH token. This was done in the following way:

1. Calculate how much stETH each address has received using the table ethereum_core.fact_token_transfers and the contract address of stETH: 0xae7ab96520DE3A18E5e111B5EaAb095312D7fE84 and the to_address column.
2. Calculate how much stETH each address has sent using the same table and contract address and the from_address column.
3. Calculate the net balance of stETH for each address by subtracting the sent amount from the received amount

Results

Using Etherscan we were able to identify most addresses. We can find that the stETH address for AAVE holds the most stETH tokens.