Read Our New Project Report About Bitcoin (BTC) - The World's Largest Cryptocurrency

logoLido Dao (LDO)

A Staking Solution Provider for Multiple Chains.
  • Lido Finance is a staking solution provider which provides services for Ethereum 2.0, Terra, Solana and Kusama. Users who stake with Lido are able to maintain the control and liquidity of their staked tokens.

  • LDO is the native token of the project. The current use cases for LDO include:

    • Governance: Users can vote for proposals to decide on key parameters such as setting fees, assigning node operators and oracles.
    • Value Accrual: There is a 10% fee on staking rewards that are split between node operators, the DAO, and a slashing insurance fund. The Lido DAO accrues value through receiving 5% of all staking rewards in real-time.
    • Liquidity Incentive: Users can provide liquidity to the liquid-staking tokens to receive LDO rewards.
  • The project consists of the following major components working in conjunction:

    • Liquid Staking: Users can stake the supported Proof-of-Stake (PoS) assets to receive a liquid token with accrued staking rewards without worrying about the steps and infrastructure required for staking.
  • As of May 9th 2022, the maximum and total token supply of LDO is 1,000,000,000. The current circulating supply is 338,291,584 (~34% of the total token supply).

  • Learn more about the token distribution of LDO here.