Lido DAO Token
LDO
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Market
Market stats
$2.1B
$157.0M
891.7M LDO
23 days
#53
$6.16
+0.55%
-11.93%
-29.93%
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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
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.
Resources
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.