| General information | |
|---|---|
| Global rank: | 63 |
| Name: |
Lido DAO |
| Symbol: | LDO |
| Current coin price (HKD): | 10.13 $ |
| Last hour: | arrow_upward0.330 % |
| Last 24 hours: | arrow_downward-1.02 % |
| Last 7 days: | 10.59 %trending_up |
| Capitalisation (HKD): | 9 072 690 307.60 $ |
| Volume 24h (HKD): | 651 775 080.00 $ |
| Available supply: | 895 279 215.00 LDO |
| Total coin supply: | 1 000 000 000.00 LDO |
| Start date: | 2020-12-17 |
Lido DAO/Hong Kong Dollar (LDO/HKD) price chart
Lido DAO/Hong Kong Dollar (LDO/HKD) capitalisation and volume charts
Lido DAO is a decentralized autonomous organization that manages liquid staking protocols. It sets key parameters such as fees, node operators, and oracles through the voting power of its governance token, LDO. The DAO accumulates service fees which it spends on research, development, liquidity mining incentives, and protocol upgrades.
Lido DAO is primarily used for staking ETH on Ethereum 2.0 in a liquid and decentralized way. Users can deposit their ETH into Lido's smart contract and receive stETH (liquid staked ETH) in return. stETH is a 1:1 representation of staked ETH and can be freely traded, transferred, and used in other DeFi protocols while still earning staking rewards. Lido DAO is governed by its community of stakeholders who propose and vote on changes to the protocol.
The LDO token serves as the governance token for Lido DAO. Holders of LDO can vote on protocol parameters and govern the Lido DAO treasury. The voting weight of LDO is proportional to the amount of LDO a holder possesses. More LDO equates to greater decision-making power. Apart from governance, LDO can also be staked to earn a portion of protocol fees.
Lido DAO stands as a logical compromise between full centralization and decentralization, enabling the deployment of competitive products without full centralization and custody on the exchanges. The DAO structure allows for community-focused, socially-conscious decision-making and covers the costs of developing and upgrading the protocol from the DAO token treasury. Furthermore, Lido DAO employs an efficient mechanism, Easy Track, to assist with routine and uncontentious governance proposals. This mechanism emphasizes flexibility and scalability without compromising safety.
Lido DAO was co-founded by Jordan Fish and Konstantin Lomashuk. The project operates as an Aragon organization.