Lido DAO

Lido is a project in the crypto and blockchain industry touting multiple protocols that let users stake assets and receive tokens in exchange to use while their original staked assets are busy earning rewards. Lido’s asset is an ERC-20 token on the Ethereum blockchain known as LDO and is used in tandem with the Lido DAO for voting. Lido is a liquid staking solution for Ethereum and other blockchains.

What is Lido (LDO) and how does it work?

In short, Lido is a series of protocols built on blockchains such as Ethereum and Polygon that allow users to stake those blockchains’ native coins and mint an equivalent number of stTokens — stETH and stMATIC, for example. In turn, they can earn rewards on those staked assets while also using the stTokens within the crypto and blockchain ecosystem for other compatible purposes. Rewards and initial staked assets can be redeemed in tandem with the burning of corresponding stTokens.

Staking can require a minimum lock-up amount. Users of Lido, however, can send lesser amounts of coins for staking because these sums are grouped with other users’ sums and assigned to validators that help run the assets’ respective blockchains.

Who is behind Lido (LDO)? Lido has a decentralized autonomous organization (DAO) called the Lido DAO that oversees governance for the protocols. Staker rewards are charged a 10% fee, given to the Lido DAO and node operators.

Lido DAO token

LDO is the focal asset associated with Lido. More specifically, the asset gives holders voting power in the Lido DAO, so calling it the Lido DAO token is seemingly an accurate description of LDO. The top of the page includes a Lido DAO price in USD (LDO to USD live price), as well as the Lido marketcap (LDO market cap), a Lido live price chart (LDO price chart), the Lido total supply (LDO total supply) and more.