Cena Lido DAO (LDO)

What Is Lido?

Lido is a liquid staking solution for Ethereum. Lido lets users stake their ETH - with no minimum deposits or maintaining of infrastructure - whilst participating in on-chain activities, e.g. lending, to compound returns.

LDO is the native utility token that is used for:

• Granting governance rights in the Lido DAO.
• Managing fee parameters and distribution.
• Governing the addition and removal of Lido node operators.

How Many LDO Coins Are There in Circulation?

At the time of writing, 0.9% of the total LDO supply is in circulation.

Lido launched its staking app on December 19, 2020 with 1 billion LDO tokens created at genesis. At time of writing, founding members of the Lido DAO possess 64% of LDO tokens. These are locked for 1 year, after which they will be vested over 1 year. At the time of writing, the only unlocked LDO in existence are 0.4% airdrop distributed to early stakers and DAO treasury tokens.

The allocation of these tokens is as follows: DAO treasury - 36.32% Investors - 22.18% Validators and signature holders - 6.5% Initial Lido developers - 20% Founders and future employees - 15%

Who Are the Founders of Lido?

Lido is a DAO that provides a liquid staking service for Ethereum 2.0, allowing users to earn staking rewards without maintaining staking infrastructure.

Lido DAO members include Semantic VC, ParaFi Capital, Libertus Capital, Terra, Bitscale Capital, StakeFish, StakingFacilities, Chorus, P2P Capital and KR1. Lido is also joined by a number of key angel investors, including Stani Kulechov of Aave, Banteg of Yearn, Will Harborne of Deversifi, Julien Bouteloup of Stake Capital and Kain Warwick of Synthetix.

The individuals and organisations behind the Lido DAO are proven within the DeFi space and have a track record of excellence.

Where Can I Buy LIDO?

LDO is available for trading on a growing number of exchanges, with cryptocurrency and stablecoin pairs currently available.

Uniswap offers the highest liquidity market for LDO as of January 2021, while 1inch also offers a DEX-aggregated market for the LDO token.

New to cryptocurrency? Read CoinMarketCap’s easy guide to buying Bitcoin or any other token.