What is Lido DAO?

Lido DAO is a decentralized autonomous organization (DAO) that governs the Lido protocol on the Ethereum blockchain. The Lido protocol allows users to stake their Ethereum (ETH) and receive stETH (staked ETH) as a reward. stETH represents staked ETH and can be used in other DeFi applications.

The goal of Lido DAO is to decentralize the governance of the Lido protocol and ensure that it operates in the best interests of its users. The DAO includes the community of LDO holders (the governance token of Lido), who can vote on proposals to change the protocol.

What is LDO Token?

LDO is the utility token of the Lido DAO protocol. LDO was created to facilitate various activities within the Lido DAO ecosystem, such as: LDO token holders have the right to vote on governance proposals of Lido, including changes to protocol fees, supported assets, and risk management parameters. LDO tokens can also be used to earn rewards by providing liquidity for stETH on DEXs.

If you are interested in LDO Token, you can buy LDO on Binance.com.

Link to register on Binance and buy LDO: https://accounts.binance.com/register?

Highlights of Lido DAO

Here are some key highlights of Lido DAO:

  • Lido allows users to stake their cryptocurrency assets easily and securely without locking their assets for a long period. Users receive a liquid token that can be used in other DeFi applications.

  • Lido DAO is governed by LDO token holders. LDO holders can vote on proposals to change the protocol and participate in the decision-making process.

  • Lido uses a set of trusted validators to stake users' assets, ensuring that assets are secure and protected from attacks.

  • Lido is compatible with many popular wallets and DeFi applications, making it easy for users to use their liquid tokens in the Ethereum ecosystem.

Lido DAO Tokenomics

Some basic information about Lido DAO:

  • Name: Lido DAO

  • Trading name: LDO

  • Type: Utility token

  • Platform: Ethereum ERC20

  • ERC20 contract: 0x5a98fcbea516cf06857215779fd812ca3bef1b32

  • BEP20 contract: 0x986854779804799C1d68867F5E03e601E781e41b

  • Solana contract: HZRCwxP2Vq9PCpPXooayhJ2bxTpo5xfpQrwB1svh332p

  • Terra contract: terra1jxypgnfa07j6w92wazzyskhreq2ey2a5crgt6z

  • Arbitrum contract: 0x13Ad51ed4F1B7e9Dc168d8a00cB3f4dDD85EfA60

  • Total supply: 1,000,000,000 LDO

  • Current circulating supply: 892,323,029 LDO

LDO Token Allocation:

  • DAO reserve fund: 36.32%

  • Investors: 22.18%

  • Initial LDO developers: 20%

  • Founders & future employees: 15%

  • Validators & signers: 6.5%

LDO Allocation

Use cases of the LDO Token:

  • Governance: LDO holders can vote on proposals to change the Lido protocol, such as fees, supported assets, and governance models.

  • Rewards: LDO holders earn a share of the fees generated by the Lido protocol.

  • Liquidity: LDO is traded on cryptocurrency exchanges, allowing holders to easily exit their positions if necessary.

  • Early access: LDO holders can gain early access to new features and products from Lido.

Lido DAO Ecosystem

The Lido DAO ecosystem includes products such as:

1. Staking Pool:

Lido operates a staking pool that allows users to stake their Ethereum (ETH) easily and securely without having to run their own validator node. When users stake ETH in the pool, they receive stETH, a liquid token that represents their staked ETH. stETH can be used like ETH in other DeFi applications, such as lending or borrowing.

2. Liquid Token - stETH:

stETH is a liquid token minted when users stake ETH into the Lido pool. stETH has a value equivalent to ETH and can be exchanged for ETH at any time. stETH can also be used like ETH in other DeFi applications.

3. Lido DAO:

Lido DAO is a decentralized autonomous organization (DAO) that governs the Lido protocol. stETH holders can participate in Lido DAO by voting on proposals and engaging in decision-making. Lido DAO is responsible for managing the protocol's reserve funds, setting fees, and guiding the overall development direction of Lido.

Founding team

Lido DAO, a pioneering protocol in Ethereum liquid staking, is operated by a strong decentralized community led by reputable individuals and organizations in the cryptocurrency industry.

Founding members:

  • banteg: Core developer of yEarn Finance, a well-known DeFi protocol.

  • CryptoCobain: A major KOL with over 220,000 followers on social media.

  • Anton Bukov: Co-founder of 1Inch, a leading DEX aggregator protocol.

  • Will Harborne: Co-founder of Deversifi, a centralized derivatives exchange.

  • Julien Bouteloup: Founder and CEO of Stake Capital, a staking service provider.

  • Kain Warwick: Founder of Synthetix, a decentralized synthetic asset protocol.

Where to buy and sell Lido DAO (LDO)?

Currently, you can buy and sell Lido DAO (LDO) on the cryptocurrency exchange Binance.com. This is currently the best exchange for buying and selling LDO. Binance is currently the top exchange in the world in terms of reputation, safety, security, and is trusted and used by most traders.

If you intend to buy LDO, you should go to this exchange to purchase it. Below is the registration link for Binance:

Link to register on Binance and buy LDO: https://accounts.binance.com/register?

Where to store LDO

LDO is a cross-chain token that supports various different blockchains, so you can create wallets and store LDO in wallets such as:

  • Trustwallet

  • Metamask

  • Myetherwallet

Additionally, you can store it on Binance or any exchange mentioned above.