What is LDO?

_{Lido DAO (LDO)What is it?}

Lido DAO (LDO) is a decentralized independent organization that provides liquid staking solutions.
Focusing primarily on the Ethereum blockchain, as well as other proof-of-stake (PoS) networks.
Founded in December 2020, Lido DAO allows users to stake their assets without locking.
Allows them to earn staking rewards while maintaining liquidity

_{Founder/Date Founded:}

Lido DAO was co-founded by Konstantin Lomashuk, Vasiliy Shapovalov and Jordan Fish (also known as CryptoCobain)
The project was launched in December 2020 with the aim of providing Liquid Staking solutions.
For Ethereum and other proof-of-stake networks
This initiative allows users to stake their assets while maintaining liquidity.
This helped address the limitations of traditional staking methods, especially during Ethereum's transition to a proof-of-stake system.

_{Objective/Use Case:}

Liquid Stake:Lido allows users to stake Ether (ETH) and receive stETH tokens in return.
which represents the assets at stake in a 1:1 ratio.
This allows users to use staked assets in other decentralized finance (DeFi) applications.
While still being rewarded by staking

_{Decentralized governance:}

Lido DAO is controlled by LDO token holders. Holders of these tokens can vote on important decisions.
Such as node operator selection, fee restructuring, and development funding management
This governance model aims to ensure that the protocol remains powered.
By the community and adapting to changes in the blockchain environment

_{Accumulation of service fees:}

Lido DAO charges an operating service fee, which is allocated for protocol upgrades, research, and development projects.
This financing structure supports the continuous improvement and expansion of the Lido ecosystem.

_{Total supply/Limit or Unlimited:}

Lido DAO (LDO) has a total supply of 1 billion LDOs. This supply is limited
According to the latest data, the circulating supply is about 895.72 million LDO.

_{Supply Deflation:}

Lido DAO (LDO) does not have a built-in Deflartion mechanism like other cryptocurrencies that actively reduce the supply of tokens through burning.

_Source:

Whitepaper: LD

Read Docs

Coinmarketcap: LDO

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