Lido DAO
LDO

$ 1.49 / Ƀ 0.00005616

Marketcap

$ 1,322,134,309

Volume

$ 13,169,239

Circulating

889,846,527 LDO

Total supply

1,000,000,000 LDO

All time high

$ 7.30

Difference between ATH

79.59%

Date last ATH

August 20, 2021

Days since ATH

764

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Latest Lido DAO updates on March 28th


LidoFinance has been busy in the last week with numerous updates. On March 28th, their NOM Call #5 is kicking off in 30 minutes and they have released a higher-level overview of Lido V2. Over the weekend, they successfully tested Turbo mode and Bunker mode which allows for orderly withdrawals to still be processed during chaotic times. They have also tested deposit and withdrawal flows and are preparing for a secure and trouble-free launch of the Staking Router and Lido V2. Additionally, there have been new pools on Polygon, wstETH on L2, Maker and Aave lending pools for wstETH, Curve ETH/stETH LP reserves, and stETH 7d moving average APR. Finally, Lido leads in new ETH staking deposits with 45.6k ETH staked over the last week, Ethereum deposits showed 0.82% growth, Polygon deposits -0.13% and TVL saw a slight decrease caused mainly by ETH price correction.

What is Lido DAO ?

Lido is a liquid staking solution for Ethereum’s Beacon Chain, backed by industry-leading staking providers. The aim of Lido is to make staking on the Beacon Chain easier and more accessible to everyone, while still providing the same level of security and rewards.

Lido is designed to solve the problems associated with traditional Beacon Chain staking, such as illiquidity, immovability, and accessibility, by making staked ETH liquid and allowing for participation with any amount of ETH. This makes it easier for users to take part in on-chain activities, such as staking and lending, without needing to lock up their assets or maintain their own infrastructure.

The Lido protocol is powered by a Decentralized Autonomous Organization (DAO) which is responsible for the governance of the protocol, such as setting the fees and executing protocol upgrades. The DAO is also responsible for the selection of staking providers and the management of the Lido Insurance Fund.

When using Lido, users receive staking rewards in real-time, and they can also use their staked tokens across the DeFi ecosystem to compound rewards. When users stake their ETH with Lido, they receive stETH tokens which are issued 1:1 to their initial stake. The stETH balances reflect the users’ ETH staking rewards, and they can be used just like regular ETH.

To ensure the security of user funds, Lido employs a committee of elected, best-in-class validators and a non-custodial staking service which eliminates counterparty risk. The protocol is also open-sourced and continuously reviewed to ensure its safety.

In addition to stETH, Lido also has its own governance token called LDO. The LDO token grants voting rights within the Lido DAO, and the more LDO tokens that are locked in a user’s voting contract, the greater the decision-making power the voter gets.

Overall, Lido is a great solution for users who want to take part in Beacon Chain staking without needing to lock up their assets or maintain their own infrastructure. With its innovative approach and industry-leading security features, Lido is sure to be a major player in the Ethereum staking space.

This article was published on 2023-01-29 by Marc Endevor. Information shown in this article was gathered from the project’s website and Twitter account. Coinvestigate cannot guarantee the accuracy of this information, or any news that may have impacted the project in the meantime.

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What is the price & marketcap of Lido DAO?

Lido DAO is a cryptocurrency with a price of $ 1.49 and marketcap of $ 1,322,134,309. Lido DAO’s market price has increased 0.04% in the last 24 hours. It ranks 33 amongst all cryptocurrencies with daily volume of $ 13,169,239.

LDO / USD Historical prices

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Past updates about Lido DAO

Published on 2023-01-17 : Lido finance have released a range of updates in the past few weeks. On the 17th of January, the number of wstETH holders exceeded 150,000. On the 16th of January, the Lido Dashboards Catalogue was launched in order to keep up to date with the staking developments. On the same day, the Lido on L2 and Polygon surpassed their previous ATHs and the Lido Protocol APR increased from 5.2% to 5.6%. The liquidity of Curve ETH/stETH LP reserves also saw an increase, along with the number of unique (w)stETH users, hitting 154,488. The Lido TVL also reached a new ATH of $7.67b and the Lido Analytics showed an increase in both native token prices and Lido staking deposits. On the 15th of January, wstETH was integrated into Aave v3, followed by the MetaMask integration on the 13th of January. Lastly, on the 11th of January, the Squads Protocol integration was launched, allowing users to stake their SOL with Lido to earn rewards.

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