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Lido DAO Token

LDO

USD

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. The platform initially supported staking for Ethereum and Polygon, but support for Solana was discontinued. As of the last update, the total circulating supply of Lido DAO tokens was 879,588,042 LDO, around 88% of the total supply. The platform has undergone several audits by third-party security firms to identify and address potential vulnerabilities.

Market

Market stats

Market cap

$1.9B

Volume (24h)

$114.6M

Circulating supply

893.0M LDO

Typical hold time

24 days

Popularity

#51

All time high

$6.16

Market performance

Price change (1h)

+0.6%

Price change (1d)

+5.47%

Price change (1w)

+12.45%

Price change (2w)

-9.44%

Price change (1m)

+33.19%

Price change (1y)

+18.07%

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Social

Some highlights about Lido DAO Token on social media

683 unique individuals are talking about Lido DAO Token and it is ranked #64 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 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 50% of tweets with bullish sentiment compared to 0% of tweets with a bearish sentiment about Lido DAO Token. 50% of tweets were neutral about Lido DAO Token. These sentiments are based on 4 tweets.

On Reddit, Lido DAO Token was mentioned in 12 Reddit posts and there were 17 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

683 people

Dominance

0.73%

Volume rank

#64

Average Sentiment

3 out of 5

Twitter

Reddit

Posts

12

Comments

17

Post Score

19

Comment Score

21

Coinbase Bytes

Coinbase Bytes

The week’s biggest crypto news, sent right to your inbox

Lido DAO Token is on the rise this week.

The price of Lido DAO Token has increased by 0.60% in the last hour and increased by 5.47% in the past 24 hours. Lido DAO Token’s price has also risen by 12.45% in the past week. The current price is $2.17 per LDO with a 24-hour trading volume of $114.59M. Currently, Lido DAO Token is valued at 64.83% below its all time high of $6.16. 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 893,005,586.738 LDO which means that Lido DAO Token has as total market cap of 893,005,586.738.

FAQ

What is the current price of Lido DAO Token?

We update our Lido DAO Token to USD 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 $1.93B. 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 $6.16. 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 $114.59M.

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 893 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 24 days.

What is the relative popularity of Lido DAO Token?

Lido DAO Token ranks 194 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.