The live price of Lido DAO is - per (LDO / USD) with a current market cap of $840.21M USD. 24-hour trading volume is - USD. LDO to USD price is updated in real-time. Lido DAO is -% in the last 24 hours with a circulating supply of 897.85M.
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Lido DAO is a staking solutions provider for Ethereum 2.0, Terra, Solana, and Kusama. Users who stake with Lido are able to maintain control and liquidity of their staked tokens. LDO is the native token of the project.
Lido DAO is a liquid staking protocol built on the Ethereum network that allows users to stake their ETH staked in exchange for ETH2 in the early days of the Ethereum merger in other protocols. This use case is significant because since the launch of the Proof of Stake (PoS) Beacon Chain in December 2020, any ETH staked on Ethereum has been locked and cannot be used in other scenarios.
Lido DAO's network cryptocurrency is LDO, which allows users to stake ETH to obtain stETH for staking in other protocols. Following the Ethereum merger in 2022, Lido will continue to distribute user staked ETH to validator nodes, supporting all individuals to participate in staking, regardless of their ETH holdings.
LDO serves as the network governance token on the Lido platform. The LDO token plays a key role in the governance of the Lido DAO, and its value is closely tied to the success of the platform. LDO holders can vote on proposals that affect how the Lido DAO operates, such as determining transaction fees, adding new staked assets, and selecting node operators. A portion of the transaction fees collected by Lido from staking rewards is used to buy back and burn LDO tokens. This action will reduce the supply of LDO, potentially increasing its value over time.
LDO is also used to incentivize various participants such as protocol developers, node operators, and users to contribute to its growth.
Lido DAO was founded in December 2020, a few weeks after Ethereum launched its beacon chain. As a decentralized autonomous organization (DAO), Lido DAO has no individual founder or founding team.
LDO is Lido’s governance token, which allows holders to stake LDO to vote on submitted proposals and issues affecting the Lido protocol. As a cryptocurrency, LDO can also be traded on the open market, so it can be used for peer-to-peer (C2C) payments around the world.
In addition to holding positions on the Ethereum network and its staking protocol, Lido DAO also expanded its network business in 2021 to support staking on the Solana and Terra Luna blockchains. This move helps to solidify Lido DAO’s reputation as a staking solution that allows users to access liquidity that is not available due to lock-in mechanisms.
The maximum supply of LDO tokens is 1 billion. As of writing, the circulating supply is approximately 890,182,823.
The Lido DAO to other currencies exchange rate?
