Lido DAO
LDO$0.3046
Market Cap
$258.73M
Volume 24h
$16.52M
Vol / Market Cap
6.39%
Rank
#45
LDO Price Chart
Lido DAO is a liquid staking protocol allowing users to stake assets without locking liquidity.
Lido DAO is a liquid staking protocol that allows users to stake crypto assets while retaining liquidity through staking derivatives.
A liquid staking protocol. When users stake their tokens (like ETH) through this system, they receive a "st-token" (like stETH) in return, which continues to earn rewards while remaining tradable for use in other DeFi apps.
Liquid Staking Management: Used as the governance token for the Lido protocol, which allows users to earn staking rewards while keeping their funds liquid for DeFi.
Liquid Staking Yield: Users deposit ETH and receive "stETH." The token is used to govern the Lido DAO, which manages the selection of node operators and the fee structure for the staking rewards.
Concentration of staked assets creates a single point of failure for the underlying network's security model.
