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Lido DAO LDO |
BUY
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€0.3011449 |
-0.53% (24h) |
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Marketcap |
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€255,751,685 |
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Volume 24h |
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€29,574,031 |
Description
Lido DAO (LDO) is the governance token for the leading liquid staking protocol, which allows users to stake their assets without locking them up or losing liquidity. When users stake tokens like ETH through Lido, they receive a "staked" version (like stETH) that can be used in other DeFi applications while still earning staking rewards. The LDO token gives holders the power to participate in the management of the DAO, including the selection of node operators and the use of the protocol's treasury. Lido has played a crucial role in the Ethereum ecosystem by making the benefits of staking accessible to users of all sizes.