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Lido DAO Token

LDO

Explore Lido DAO Token

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Past performance is not a reliable indicator of future results. Learn more about asset risks.

Investment Risk

Baseline risk

All crypto-assets are risky, regardless of the type of token you hold. Here are some ‘baseline’ risks to be aware of before deciding to invest.

Investment risk: The performance of most crypto-assets can be highly volatile, with their value dropping as quickly as it can rise. You should be prepared to lose all the money you invest in crypto-assets.

Lack of protections: Crypto-assets are largely unregulated and neither the Financial Services Compensation Scheme (FSCS) nor the Financial Ombudsman Service (FOS) will protect you in the event something goes wrong with your crypto-asset investments.

Crypto-assets are complex: It may be difficult to understand the risks associated with a crypto-asset investment. Do your own research and if something sounds too good to be true, it probably is.

Don’t put all your eggs in one basket: Putting all your money into a single type of investment is risky. Spreading your money across different investments makes you less dependent on any one to do well. A good rule of thumb is not to invest more than 10% of your money in high-risk investments such as crypto-assets.

Defi tokens

Decentralised Finance (or ‘DeFi’) tokens (e.g. , ) are crypto-assets linked to financial applications and protocols built on decentralised blockchain technology.

Smart contract risk: DeFi relies heavily on smart contracts. Even a minor coding error or oversight can lead to a contract being exploited, potentially resulting in significant losses for DeFi tokens.

Regulatory risk: DeFi operates in a decentralized manner, often without intermediaries or financial crime controls. Regulatory bodies across jurisdictions might introduce new regulations impacting the use, value, or legality of certain DeFi protocols or assets.

For example, the Perpetual Protocol (PERP) and Quickstop (QUICK) protocols may be accessible in jurisdictions where some or all the available activity may need to be regulated now or in the future. If a regulator deemed the activity to be in breach of regulation, this could seriously impact token value.

Rug-pulls / Exit scams: Some DeFi projects might be launched by anonymous or pseudonymous teams, increasing the risk of "rug pulls" where developers abandon the project and withdraw funds, leaving investors with worthless tokens.

Data/oracle risk: DeFi protocols often rely on external data sources or ‘oracles’. Manipulation or inaccuracies in these data sources can lead to unintended financial outcomes within the protocols.

Protocol complexity: The complexity of some DeFi protocols can make it difficult for average users to fully understand the mechanisms and associated risks.

About Lido DAO Token

LDO is the governance token of Lido, a liquid staking protocol. Lido supports liquid staking on multiple blockchain networks including Ethereum and Solana. LDO tokens are used to govern the Lido DAO, which oversees Lido’s development.

Lido DAO (LDO) is a decentralized autonomous organization that provides staking infrastructure for multiple blockchain networks, including Ethereum. Users have the opportunity to stake their Ethereum (ETH) and receive stETH (Lido staked ETH) tokens in return, which represent the user's staked ETH and potential rewards. The platform's native token, LDO, serves as the governance token for Lido DAO, allowing holders to participate in governance proposals and vote on key decisions. Lido DAO seeks to make staking more accessible to a wider range of users by pooling staked ETH from multiple users, eliminating the need for any technical expertise on behalf of users.

Lido DAO functions on the Ethereum network using smart contracts to handle user deposits and distribute potential rewards. Users have the opportunity to deposit their ETH into the Lido pool and receive stETH tokens in return. These tokens can be traded on secondary markets or used on other protocols, providing users with a more liquid form of staked ETH that can be used for other purposes. The platform's native token, LDO, also serves as the governance token for Lido DAO. LDO holders can participate in governance proposals and vote on key decisions, such as board adjustments, new integrations, and platform updates.

Lido DAO's goal is to simplify and optimize the staking process for Ethereum users. By pooling staked ETH from multiple users, it eliminates the need for technical expertise and the requirement to commit a minimum amount of 32 ETH to run a validator. This allows more people to stake their ETH and participate in the Ethereum network's consensus mechanism. Furthermore, the stETH tokens that users receive in return for their staked ETH can be traded on secondary markets or used on other protocols, providing a more liquid form of staked ETH. This opens up potential use cases in the DeFi space, where stETH tokens could be used as collateral in lending protocols or for yield farming.

Lido DAO was established in 2020 by Konstantin Lomashuk, Vasiliy Shapovalov, and Jordan Fish. The organization was supported by a collective of financial firms and angel investors, including Semantic VC, ParaFi Capital, Libertus Capital, Bitscale Capital, StakeFish, StakingFacilities, Chorus, P2P Capital, and KR1.

Market

United Kingdom Market Stats

Market cap

£1.5B

Volume (24h)

£52.9M

Circulating supply

892.4M LDO

Typical hold time

26 days

Popularity

#53

All time high

£4.92

Price change (1h)

+1.05%

Price change (24h)

+8.59%

Price change (7d)

+1.45%

Past performance is not a reliable indicator of future results. Learn more about asset risks.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

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Social

Some highlights about Lido DAO Token on social media

972 unique individuals are talking about Lido DAO Token and it is ranked #464 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Lido DAO Token has an average sentiment score of 3.3 out of 5. Finally, Lido DAO Token is becoming more newsworthy, with 0 news articles published about Lido DAO Token. This is a 0% increase in news volume compared to yesterday.

On Twitter, people are mostly bullish about Lido DAO Token. There were 58.59% of tweets with bullish sentiment compared to 7.03% of tweets with a bearish sentiment about Lido DAO Token. 34.38% of tweets were neutral about Lido DAO Token. These sentiments are based on 128 tweets.

On Reddit, Lido DAO Token was mentioned in 130 Reddit posts and there were 252 comments about Lido DAO Token. On average, there were more upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.

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Overview

Contributors

972 people

Volume rank

#464

Average Sentiment

3.3 out of 5

Twitter

Reddit

Posts

130

Comments

252

Post Score

1,269

Comment Score

1,358

Lido DAO Token is on the rise this week.

The price of Lido DAO Token has increased by 1.05% in the last hour and increased by 8.59% in the past 24 hours. Lido DAO Token’s price has also risen by 1.45% in the past week. The current price is £1.69 per LDO with a 24-hour trading volume of £52.93M. Currently, Lido DAO Token is valued at 65.67% below its all time high of £4.92. This all-time high was the highest price paid for Lido DAO Token since its launch.

The current circulating supply of Lido DAO Token is 892,448,448.522 LDO which means that Lido DAO Token has as total market cap of 892,448,448.522.

FAQ

What is the current price of Lido DAO Token?

We update our Lido DAO Token to GBP currency in real-time. Get the live price of Lido DAO Token on Coinbase.

What is the market cap of Lido DAO Token?

The current market cap of Lido DAO Token is £1.50B. A high market cap implies that the asset is highly valued by the market.

What is the all time high of Lido DAO Token?

The all-time high of Lido DAO Token is £4.92. This all-time high is highest price paid for Lido DAO Token since it was launched.

What is the 24 hour trading volume of Lido DAO Token?

Over the last 24 hours, the trading volume of Lido DAO Token is £52.93M.

What other assets are similar to Lido DAO Token?

Assets that have a similar market cap to Lido DAO Token include NEAR Protocol, Aptos, Injective, and many others. To see a full list, see our comparable market cap assets.

How many Lido DAO Token are there?

The current circulating supply of Lido DAO Token is 892 million.

What is the typical holding time of Lido DAO Token?

The median time that Coinbase customers hold Lido DAO Token before selling it or sending it to another account or address is 26 days.

What is the relative popularity of Lido DAO Token?

Lido DAO Token ranks 201 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Lido DAO Token?

Currently, 80% of Coinbase users are buying Lido DAO Token. In other words, 80% of Coinbase customers have increased their net position in Lido DAO Token over the past 24 hours through trading.

Can I buy Lido DAO Token on Coinbase?

Yes, Lido DAO Token is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Lido DAO Token guide.

This data was sourced in real-time from Coinbase and other third party market vendors. Real-time data may encounter temporary delays due to system performance or downtime.

Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.

This Financial Promotion has been approved by Archax LTD on February 7, 2024