Lido, Stakely Unveil Public and Institutional Ethereum Staking Vaults
Lido and Stakely have collaborated to launch two Ethereum staking products on Lido V3: a public vault for individual users and configurable, non-custodial vaults for institutions. The public vault combines $ETH staking with EarnETH, while dedicated institutional vaults let clients set parameters around custody, permissions, fees, and liquidity.
The public vault allows users to deposit $ETH through a Stakely interface and receive an ERC-20 pool-share token representing their position in the vault. The deposited $ETH is staked through Stakely's validator infrastructure. Lido says that this structure keeps a single user position while adding access to DeFi activity, but it also adds risks beyond plain staking.
Institutional vaults keep assets segregated, with each institution using a dedicated vault and selecting Stakely as node operator. They can retain their own custody model and operating controls, covering fee terms, permissions, liquidity design, and technical parameters.