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Lido DAO Token price today is $0.846956 USD with a 24-hour trading volume of $184,185 USD. Lido DAO Token is down 17.75% in the last 24 hours. The current CoinMarketCap ranking is #2639, with a market cap of not available. The circulating supply is not available and the max. supply is not available.
Lido is a staking solution for ETH 2.0 built to solve these problems and backed by several industry-leading staking providers. It makes staked ETH liquid and allows participation with any amount of ETH.
When using Lido to stake your ETH on the Ethereum beacon chain, users will receive a token (stETH), which represents their ETH on the Ethereum beacon chain on a 1:1 basis. It effectively acts as a bridge bringing ETH 2.0’s staking rewards to ETH 1.0.
As a user’s staked ETH generates staking rewards from ETH 2.0, the user’s ETH balance on the beacon chain will increase. stETH balances will update correspondingly once per day allowing you to access on ETH 1.0 the value of your staking rewards received on ETH 2.0.
Users can use stETH in all of the same ways that they can use ETH: sell it, spend it and, since it is compatible to be used in DeFi, use it as collateral for on-chain lending. When transactions are enabled on ETH 2.0, users can also redeem stETH for ETH.
We believe that stETH will be an important base primitive in DeFi, and a foundational building block for the Ethereum money-lego stack.
|Lido DAO Token Price||$0.8470|
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|Fully Diluted Market Cap||No Data|
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All Time High
Jan 06, 2021 (12 days ago)
All Time Low
Jan 11, 2021 (6 days ago)
|Lido DAO Token ROI||No Data|
|Circulating Supply||No Data|
|Total Supply||No Data|
|Max Supply||No Data|