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Lido DAO is a decentralized autonomous organization (DAO) founded in 2020 with the goal of providing staking infrastructure on decentralized blockchain networks. Its primary solution is to enable users to stake assets such as Ethereum (ETH) without the need to lock up those funds for a long period of time, which is typical of the traditional staking model. Lido DAO has created a groundbreaking “liquid staking” solution for Ethereum, which provides users with liquidity of their assets and the convenience of stETH tokens, representing deposited ETH and earned rewards.
How does Lido DAO work?
Lido DAO allows users to deposit ETH, which is then staked via validating nodes on the Ethereum network. In exchange for staked ETH, users receive stETH tokens (Lido staked ETH) that can be exchanged or used in decentralized finance (DeFi) protocols, allowing for staking rewards and liquid tokens to be earned simultaneously. This mechanism allows Lido DAO to introduce a new dual-purpose asset class to the DeFi sector.
stETH tokens can be stored in wallets, traded on exchanges, used as collateral to borrow, or used as residuals in other protocols. With the support of Lido DAO, users can benefit from staking rewards while having the freedom to trade or use stETH tokens.
Infrastructure and Security
One of the foundations of Lido DAO is securing users and their assets. In order to ensure an appropriate level of security, all Lido protocol smart contracts are thoroughly audited by external companies, which allows for the detection and elimination of potential security holes. As part of the DAO, LDO token holders participate in the governance of the protocol by voting on key decisions regarding the development of the platform, onboarding new node operators or responding to threats.
Lido DAO also has a bug bounty program that offers $2 million in rewards to those who discover security flaws. Through this, the organization aims to create an ecosystem that is more resilient and open to the global staking community.
Unique Features of Lido DAO and Lido V2
Since its inception, Lido DAO has been introducing innovative solutions that improve the staking process in decentralized networks. The latest version of the protocol, Lido V2, introduced the “Liquid Staking” feature, allowing users to obtain stETH tokens in exchange for deposited ETH. This allows for the free use of funds on DeFi platforms and trading them on secondary markets.
This feature offers flexibility, allowing users to quickly access their staked funds, making it particularly attractive in the rapidly changing decentralized finance environment. With its floating staking model, Lido DAO eliminates the need for a minimum of 32 ETH to run its own validating node, significantly increasing the accessibility of this technology.
LDO Token and Its Application
LDO is the native token of Lido DAO, serving not only as an instrument for governing the organization, but also as a tool for ensuring user participation in the development of the protocol. LDO token holders can vote on key issues, such as node management, adoption of new features, or integrations with other DeFi projects. With the LDO token, users have a real impact on the future of the platform, which is the basis of the decentralized nature of Lido DAO.
Tokenomics Lido DAO
The LDO token has a total supply of 1 billion tokens, of which approximately 895,72 million are currently in circulation. The token breakdown is as follows:
- DAO Treasury: 40,36%
- Investors: 24,64%
- Founders: 16,67%
- Venture Round Investors: 11,11%
- Validators: 7,22%
A significant portion of the tokens have already been unlocked (90%), which allows for the smooth use of resources within the DAO and supports the decentralization of governance.
Partnerships and Ecosystem
Lido DAO has partnered with a number of renowned investment firms, such as Semantic VC, ParaFi Capital, Libertus Capital, and many individuals with extensive experience in the DeFi industry, including Stani Kulechov (Aave) and Julien Bouteloup (Stake Capital). Through this partnership, the platform not only secures investments and improves liquidity, but also develops its ecosystem by integrating with various DeFi applications and protocols.
StETH, a token derived from staking ETH, can be used as collateral on platforms such as Aave, Uniswap, and Curve, and stored in wallets such as Ledger and MetaMask. This gives Lido DAO users a wide range of options to integrate their decentralized asset with major blockchain ecosystems.
Lido DAO – Values and Future
Lido DAO emphasizes decentralization, accessibility, and security while being one of the leading Ethereum staking platforms. With its liquid staking model, users can participate in staking without having to lock up their assets, which makes Lido DAO unique among its competitors. The changes introduced by Lido DAO, such as Lido V2 and the expanded ecosystem, can attract even more investors and users, expanding the scope of decentralized finance.
With transparent governance and innovative features, Lido DAO seems well-positioned for the growing popularity of staking and the development of decentralized ecosystems. The future of Lido DAO could include new integrations, ecosystem development, and an increase in the number of active users who will be able to benefit from safe and efficient staking solutions.
Lido DAO (LDO) Token Technical Data
- Dinner: You can check the current price here.
- Market Cap: $952,27 million (0,89% change)
- Volume (24h): $62,63 million (15,00% change)
- Fully Diluted Value (FDV): $1,06 billion
- Volume/Market Cap Ratio (24h): 6,61%
- Total Value Closed (TVL): $24,42 billion
- Market cap/TVL: 0,03895
- Total supply: 1 billion LDO
- Circulating supply: 895,72 million LDO (90%)
links:
- Lido DAO Official Website: https://lido.fi
- LDO Token on CoinMarketCap: CoinMarketCap
- LDO Token on CoinGecko: CoinGecko
- Profile on X (Twitter): https://twitter.com/LidoFinance
Lido DAO is available on major exchanges such as Binance, Coinbase, and Kraken, making the LDO token easily accessible to global investors.
