Coin information

What is Lido DAO?

Lido DAO (LDO) is a staking liquidity solution (the deposit of a certain number of cryptocurrencies in order to verify transactions on the network and earn dividends) on the Ethereum network. Become a validator of transactions after Ethereum has switched to Proof of Stake (PoS) and they will be rewarded daily.

Essential details:

• Governance: LDO coin holders can vote on the proposal to decide on key parameters such as fee setting. Defining node and oracle operators
• Liquidity Incentives: LDO coin holders can provide liquidity to their staking tokens to be rewarded with stETH.
• Liquid Staking : LDO coin holders can stake assets in supported Proof-of-Stake (PoS) to receive liquid tokens with accumulated staking rewards without worrying about procedures and infrastructure which required for Staking.

Lido currently supports five blockchains: Ethreum, Solana, LUNA on Terra via Anchor Protocol, Polygon and Kusama.
The Lido DAO (LDO) coin was minted with a limited supply of 1,000,000,000 LDO is distributed as follows: the first 36.32% goes to the DAO's treasury, the next 22.18% is distributed among investors, and the other 20% is distributed among the Lido developers themselves. The founders and employees of Lido have a share of 15%. Finally, the remaining 6.5% goes to the Validators & Signature Holders section.

Why invest in Lido DAO?

• Staking

The Lido platform allows users to Proof-Of-Stake (PoS) staking assets to earn daily rewards. Users can stake any amount of tokens, no minimum.

• Mint

When ETH is staked on Lido, depositors will receive 1:1 stETH (staked ETH) tokens instead of their deposited ETH tokens. Staked tokens can be used throughout the DeFi ecosystem to increase returns.

• DeFi

Lido provides financial services that enable transactions without intermediaries. Allows you to use your staked assets to generate more returns in addition to using your tokens earning daily returns. It also provides collateral for lending, farming, and much more.

• Community

Create an organization called Lido DAO. It is a community that creates liquidity and controls the flow of Lido with the increasing number of DAO participants every day Collaborate and support the development of Ethereum 2.0 or anything else in the future of the Lido ecosystem.

Whitepaper: https://www.securities.io/wp-content/uploads/2022/05/Lido.pdf: 

Website: https://lido.fi/