LDO
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Written by Zedcex Support
Updated over a week ago
LDO

LDO

Project basic informationIssue

Time:2021

Total Supply: 1,000,000,000 LDO

Circulation: 879,567,452 LDO

Project Introduction:

Lido DAO is a decentralized autonomous organization (DAO) which provides staking infrastructure for multiple blockchain networks.

Most notably, the platform provides a liquid staking solution for Ethereum, allowing users to stake their ETH and receive stETH (Lido staked ETH) tokens in exchange, which represent the user's staked ETH and staking rewards.

Lido DAO is secured by a mix of decentralized governance, audited code and smart contracts. The Lido protocol runs on Ethereum with help from smart contracts that process user deposits and distribute staking rewards, among other functions. Several third-party security firms have audited Lido’s smart contracts in order to identify and address potential vulnerabilities.

The platform’s native token is LDO - which also serves as the governance token for Lido DAO. Holders can participate in governance proposals and vote on key decisions such as board adjustments, new integrations and platform updates. LDO holders have the right to determine the development and operation of the platform.

LDO also has economic value: users can stake it on the Lido platform to receive ETH rewards, as well as used to pay transaction fees on the platform.

At the time of writing, Lido supports liquid staking for coins of five blockchains: Ethereum, Solana, Polygon, Polkadot, and Kusama.

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