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Learn more about Lido DAO
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Lido DAO (LDO) price has increased today.
Lido DAO (LDO) is priced at $1.99 today, with a 24-hour trading volume of $77,544,743.33. It is reflecting a 2.21% increase over the last 24 hours and a 5.20% increase over the past 7 days. With a circulating supply of 892 Million LDO, Lido DAO’s current market cap is at $1,773,981,104.03.
An Introduction to Lido DAO (LDO)
Lido DAO is a DAO that provides a staking infrastructure for several blockchain networks. A unique feature they offer is a liquid staking solution for Ethereum. When users stake ETH, they get stETH tokens from Lido. These tokens reflect both the staked ETH and the rewards earned.
For security, Lido DAO uses decentralized decision-making, thoroughly checked code, and smart contracts. These smart contracts run on Ethereum and handle tasks like accepting user deposits and giving out staking rewards. Expert security firms have checked these contracts to ensure they’re safe.
Lido’s main token is LDO, used both as a governance token and for staking on the Lido platform to earn ETH rewards. LDO token holders can vote on key platform decisions.
Currently, Lido allows staking on:
- Ethereum
- Solana
- Polygon
- Polkadot
- Kusama
The Founders
In 2020, Konstantin Lomashuk, Vasiliy Shapovalov, and Jordan Fish founded Lido DAO. Financial companies and individual investors supported the startup phase.
Companies like Semantic VC, ParaFi Capital, and others funded Lido’s early days. Meanwhile, individuals like Stani Kulechov of Aave and Kain Warwick of Synthetix significantly helped Lido grow.
Unique Aspects of Lido DAO
Lido aims to simplify staking. They pool ETH from many users, which means you don’t need technical know-how or a minimum of 32 ETH to get started. Lido V2, their updated version, provides a more effective Ethereum 2.0 staking solution.
A key part of Lido V2 is the “Liquid Staking” feature. Users can give ETH to Lido and get stETH tokens, which can be traded or used in various ways.
In short, Lido offers a solid platform where users can engage in decision-making, earn from staking, and enhance network safety.
Total Supply and Distribution of Lido DAO (LDO)
Around 890 million LDO tokens are in circulation at the time of writing, or 89% of all LDO tokens. The breakdown of these tokens is:
- DAO savings: 36.32%
- Investors: 22.18%
- Validators: 6.5%
- Early Lido developers: 20%
- Founding team and upcoming staff: 15%
Security Measures
Lido keeps its funds in a locked smart contract, out of validators’ reach. LDO token holders make important governance decisions, including selecting new node operators and punishing rule-breakers.
Additionally, Lido offers rewards through a bug bounty program in partnership with Immunefi. They’ve dedicated $2 million to this cause and have already given out $250,000 for vulnerability reports.
Where to Purchase Lido DAO (LDO) Tokens?
Lido DAO (LDO) tokens are available for purchase on major cryptocurrency exchanges:
Most Used
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Binance is a great combination of low fees, deep liquidity and multiple cryptocurrencies and trading pairs. We have tested every aspect of it and it STILL holds its reign as the top exchange in the world. In our view, it is the perfect crypto exchange for both newbies and advanced traders alike.
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Biggest exchange in the world.
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Industry's lowest trading fees.
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Advance trading options like leverage trading.
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600+ crypto options, 150+ for the US.
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Lucrative on-site staking options.
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Hiccups in account verification.
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Less regulated than some competitors.
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The corporate structure is not transparently.
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Coinbase is one of the largest crypto exchanges in the world and a widely-used platform for buying, selling, and trading over 200 cryptocurrencies. It offers trading solutions for beginner, advanced, and institutional traders alike. Take a look at what makes it an excellent option for individual traders looking to trade in cryptocurrencies and beyond.
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A wide-selection of coin offerings.
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Most secure online crypto platforms.
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Top-rated mobile app.
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Easy interface and user-friendly.
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Expensive and complex fee structure for beginners
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Higher fees as compared to other cryptocurrency exchanges.
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Slow customer support.
Coinweb’s Crypto Wiki can provide educational resources for those new to cryptocurrencies and interested in purchasing Lido DAO.
Lido DAO provides a staking infrastructure for several blockchains and gives users stETH tokens that reflect their staked ETH and rewards when they stake Ethereum.
Konstantin Lomashuk, Vasiliy Shapovalov, and Jordan Fish founded Lido DAO in 2020, with funding from companies like Semantic VC and ParaFi Capital, and individuals like Stani Kulechov and Kain Warwick.
Lido DAO allows users to pool ETH for staking without needing technical knowledge or a minimum of 32 ETH, and its "Liquid Staking" feature lets users trade stETH tokens.
Lido uses locked smart contracts, decentralized decision-making, and a $2 million bug bounty program to ensure platform and fund security.
LDO tokens can be purchased on cryptocurrency exchanges like Binance, Coinbase, KuCoin, and Kraken.
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