LDO

Lido DAO price

LDO
Quote currency
$3.02-1.66%
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Overview
Analysis

Lido DAO price live data

The current price of Lido DAO is $3.02. Since 00:00 UTC, Lido DAO has decreased by 1.66%. It currently has a circulating supply of 890.94M LDO and a maximum supply of 1.00B LDO, giving it a fully diluted market cap of $2.69B. At present, Lido DAO holds the 42 position in market cap rankings. The Lido DAO/USD price is updated in real-time.

Lido DAO price performance in USD

Time periodChange amount%Chg
Today-$0.05-1.69%
7 days-$0.22-6.99%
30 days$0.217.18%
3 months$0.3814.03%

Lido DAO market information

24h low/high
24h low$2.94
Last price $3.02
24h high$3.29
Heat index ranking
101
Market cap ranking
42
Market cap
$2.69B
Favorited rate
1.99%
All-time high
$4.04
-25.33% (-$1.02)
Jan 11, 2024 (2 months ago)
All-time low
$0.88
+246.50% (+$2.15)
Nov 10, 2022 (2 years ago)
ICO date
01/05/2021
ICO price
$0.00
Circulating supply
890.94M LDO
Market cap at circulating supply
$2.69B

About Lido DAO (LDO)

One of the most significant events in the cryptocurrency industry was Ethereum's mainnet transition to Proof of Stake (PoS). This transition raised concerns due to the 32 ETH requirement to become an Ethereum validator for staking. Lido (LDO) emerged as a liquid staking solution in the decentralized finance (DeFi) space, lowering this high entrance barrier and enabling anyone to stake ETH and earn rewards.

What is Lido

Lido is a decentralized protocol offering liquid staking services for several PoS blockchains, including Ethereum (ETH), Solana (SOL), Polygon (MATIC), and Polkadot (DOT). Liquid staking addresses a critical issue in PoS staking, namely illiquidity, which occurs when assets are staked and locked, becoming inaccessible for a specific period. Lido overcomes this challenge by offering users liquidity and non-custodial staking solutions, allowing them to retain flexibility and access to their staked assets. By May 2023, Lido's total value locked (TVL) exceeded $11.7 billion, positioning it as the leading liquid staking platform.

The Lido community governs the protocol through the LDO token, empowering holders to vote on improvements, upgrades, and network parameters. This decentralized autonomous organization (DAO) also oversees insurance and development funds.

The Lido team

Lido was launched shortly after the Ethereuem merge in December 2020 by Lido DAO. Lido is governed by the community members and holders of the LDO token. Members of Lido DAO have a proven track record in the decentralized finance (DeFi) space. Notable contributors include Semantic VC, P2P Capital, ParaFi Capital, BitScale, Julien Bouteloup, and AAVE.

How does Lido work 

When users stake assets in Lido, they receive tokenized representations (like stETH or stDOT) in a 1:1 ratio. These tokenized assets remain liquid and accessible, allowing users to use them on other DeFi platforms, such as Maker DAO and Curve DAO. This enhanced liquidity expands users' opportunities and financial options.

LDO tokenomics

LDO is an ERC-20 token with a capped supply of 1 billion. LDO tokens are instrumental in Lido's governance; the more LDO tokens staked, the more voting power holders have in decision-making processes ranging from protocol upgrades to resource allocation.

LDO distribution

Upon launch, the 1 billion LDO tokens were distributed as follows:

  • 36.32 percent to the Lido DAO treasury
  • 22.18 percent to investors
  • 20 percent to initial Lido developers
  • 15 percent reserved for founders and future employees
  • 6.5 percent to validators and signature holders

Learn more about Lido DAO (LDO)

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Lido DAO FAQ

What is Lido?

Lido is a decentralized protocol offering liquid staking services for various Proof of Stake (PoS) blockchains. When users stake assets with Lido, they receive tokenized equivalents of their staked tokens on a 1:1 basis. These tokens remain liquid, allowing users to use them across various platforms.

How much does Lido charge for staking?

Lido charges a 10 percent fee on staking rewards. Despite being seen by some as a drawback, this rate aligns closely with industry standards, keeping Lido competitive.

Where can I buy LDO?

Easily buy LDO tokens on the OKX cryptocurrency platform. OKX’s spot trading terminal includes the LDO/USDT trading pair.

You can also swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for LDO with zero fees and no price slippage by using OKX Convert.

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