$2.38T
Total marketcap
$118.05B
Total volume
BTC 50.70%     ETH 17.06%
Dominance
Lido DAO

Lido DAO LDO Price

$2.44 17.5103%
  • ETH 0.0007
  • BTC 0.000039
Categories
ICO Price
ROI
FDV
$2.44B
Market cap
$2.18B
Low - High [24h]
$2.06 - $2.44
Vol [24h]
$321.56M
Cur - Max Supply
892.89M - 1B

Lido DAO Price chart

Sorry, that's all we've gotfor now...

Statistics

Lido DAO Price $2.44 All-time high $7.3 Days since ATH 1040
Price change $0.3629 (17.5103%) Date of ATH Aug 20, 2021 % of ATH -66.83%

Lido DAO Review

Lido DAO (code: LDO)

Founded Date: Dec 17, 2022

Founders:

Jordan Fish
Jordan Fish
Co-founder & CEO
Konstantin Lomashuk
Konstantin Lomashuk
Co-founder
Vasiliy Shapovalov
Vasiliy Shapovalov
Co-founder & CTO

Lido DAO(LDO) - Coin Trading Data

Lido DAO Price $2.44
Ticker LDO
Market Capitalization $2.18B
Fully Diluted Valuation (FDV) $2.44B
Value 24h low $2.06
Value 24h high $2.44
Trade Volume for 24h $321.56M
Current Circulating Supply 892.89M
Maximum Supply 1B
Algorithm
ICO Price and ICO ROI
Price Change 24h % 17.5103%
LDO quote $2.44
Fully Diluted Valuation (FDV) $2.44B

Lido DAO(LDO) ATH - All Time High Price

Lido DAO ATH Price $7.3
LDO quote 1040
ATH Date Aug 20, 2021
All Time High % -66.83%

Lido Profile

Lido is a third-party stacking service that allows Ethereum users to place their ETH coins on Ethereum 2.0. It is worth noting that Lido allows users to place not only ETH 2.0, but also other crypto-assets such as bLuna or stSOL on the platform, with an annual interest rate of 3.3% to 6.4%, based on the asset.

The Lido project aims to allow investors the opportunity to make money from steaking without having large demands on capital and equipment. Lido removes the risks related to maintaining a stacking infrastructure by allowing users to contribute their assets in any amount to node operators. Another attractive feature of Lido DAO is that its platform is decentralized, in contrast to most other liquid-stacking platforms.

The main advantages of Lido are:

  1. Receiving rewards for your stake without blocking your capital completely.
  2. Freedom to receive rewards on Ethereum deposits smaller than 32 Ethereums and with no deposit restrictions.
  3. Reducing the risks of losing a staked deposit due to software failures or malicious third parties.
  4. Providing tokens as building blocks for other applications and protocols (e.g. as collateral for lending or other DeFi trading solutions).
  5. Enabling alternatives to exchange rates, self-stakes, and other semi-custodial and decentralized protocols.

Lido DAO

The Lido DAO is a decentralized, standalone organization that depends on the voting power of control token holders in order to establish key parameters. DAO is a bundle of service fees that can be spent on various activities on the platform, such as research, development, or protocol updates. Initially, DAO members can participate in threshold signatures for Ethereum 2.0 by creating BLS signatures so they can become part of the management.

Lido Governance Process

Lido Governance Process

In summary, the Lido DAO is committed to providing the following services:

  • Launching Lido and setting up smart contracts for the protocol
  • Configuring commissions and parameters for the protocol
  • Assigning initial node operators, offering and updating Lido parameters, and implementations.
  • Management of insurance, development funds and withdrawals.
  • Selection of threshold signatures from reputable participants.
  • Approving incentives for parties who have contributed to Lido DAO goals.

Lido DAO has become one of the most popular liquid staking platforms with over $13 billion in assets in one year since its inception. Originally developed with a focus on Ethereum, Lido is gradually expanding to other blockchain networks.

Lido DAO History

  • In December 2020, the platform was launched on the main blockchain of Ethereum. At the same time, the team, which included Russian developers Konstantin Lomashuk and Vasily Shapovalov, launched the Lido DAO management token.
  • In 2020, the team raised $2 million from ParaFi Capital, Semantic Ventures, Staking Facilities, and other major investors.
  • In 2021, the Paradigm fund invested 15.12 thousand ETH in the development of the platform. In turn, KS1 contributed $15 million in exchange for LDO tokens.
  • In 2022, the Andreessen Horowitz fund invested $70 million.
  • Initially, clients were offered to stake on the Ethereum blockchain. Later, the creators added other networks. In 2023, users can stack these kinds of coins and tokens: Solana, KSM, Polkadot and Polygon.
  • In 2023, after the Ethereum Shanghai update comes out, the developers plan to upgrade Lido to version 2.0.

LDO Mining

LDO cannot be mined: Lido is a liquid-stacking solution with the primary goal of giving users greater versatility for their stake assets, especially ETH stacks. Users can spend their purchased tokens to participate in DeFi applications in the Lido ecosystem and receive additional incentives.

Staking pool - core smart contract of Lido

Staking pool is the core smart contract of Lido

Oracle Contract

Oracle Contract

LDO Stacking

Ethereum 2.0 accomplishes the transition from traditional Proof-of-Work consensus to the much more energy-efficient Proof-of-Stake mechanism. The Proof-of-Stake consensus model is based on block checking validators, which opens up the possibility of earning Ethereum cryptocurrency.

But users have to put at least 32 ETH to become a validator and get rewards for checking blocks, which is a very high barrier to entry. However, you can bypass it with a digital asset of Lido DAO token.

People who want to join Ethereum 2.0 staking must transfer their coins to the betting pool, and receive stETH tokens in return. The obtained Ethereum is distributed among the validators. Staking of other supported assets is performed in a similar scheme.

LDO Token

LDO is a service program's own token that is used to:

  • Providing management rights to the Lido DAO.
  • Managing the parameters and distribution of fees.
  • Controlling the addition and removal of Lido node operators.

DAO defines key Lido parameters and performs Lido updates. Lido DAO members control Lido to ensure its efficiency and stability. You must own its management token, the LDO, to be eligible to vote in the Lido DAO.

The more LDO locked into a user's voting contract, the more decision-making power the voter has. Consequently, the more LDO tokens you have, the more voting power you will have. In addition, the LDO token voting mechanism is customizable and functions in tandem with other Lido protocols.

Lido Staking Problems in the U.S.

At the beginning of 2023, Provider Lido dominated the ETH stacking market with 29% of the total number of blocked ETHs. Cryptocurrency exchange Kraken was third in this ranking. But after a ban and a fine from the SEC, the company stops offering staking services in the United States. Bloomberg writes about it on February 12, 2023 and mentions an interview with the company's employee Jacob Blish.

Summary

Lido remains one of the most popular solutions for ETH stacking, and it ranks in the top five in terms of blocked funds. It offers high liquidity along with highest security. But it is still unknown how its success will be affected by its transition out of the U.S. market.

How much is a one Lido DAO worth now?

1 Lido DAO worth $2.44 now.

What is the price of LDO?

The price of LDO is $2.44.

What is the Lido DAO max supply?

The max supply of Lido DAO is 1B.

What is the Lido DAO stock symbol or ticker?

The stock symbol or ticker of Lido DAO is LDO.

How many LDO coins are there in circulation?

There are 892.89M coins in circulation of LDO.

What is the exchange rate of Lido DAO(LDO)?

The exchange rate of Lido DAO is $2.44.

What was Lido DAO's trading volume in 24 hours?

Lido DAO's 24-hour trading volume is $321.56M.

What was the highest price paid for Lido DAO?

Lido DAO reached a record high of $7.3 on Aug 20, 2021

Lido DAO Exchange Rates on Trading Markets

# Exchange Pair Price 24h volume Volume % Updated
1 Binance Binance LDO/USDT $2.43 $75.61M 42.76% 4 minutes ago
2 Bybit Bybit LDO/USDT $2.43 $42.86M 24.24% 5 minutes ago
3 Bitget Bitget LDO/USDT $2.43 $21.95M 12.41% 2 minutes ago
4 OKX OKX LDO/USDT $2.43 $19.91M 11.26% 3 minutes ago
5 Poloniex Poloniex LDO/USDT $2.43 $18.55M 10.49% 5 minutes ago
6 Coinbase Exchange Coinbase Exchange LDO/USD $2.43 $17.21M 9.73% 4 minutes ago
7 HTX HTX LDO/USDT $2.43 $15.04M 8.5% 2 minutes ago
8 WhiteBIT WhiteBIT LDO/USDT $2.43 $12.19M 6.89% a minute ago
9 Gate.io Gate.io LDO/USDT $2.43 $10.1M 5.71% 3 minutes ago
10 OrangeX OrangeX LDO/USDT $2.43 $8.65M 4.89% 2 minutes ago
11 Kraken Kraken LDO/USD $2.43 $7.58M 4.29% 4 minutes ago
12 Toobit Toobit LDO/USDT $2.43 $5.79M 3.28% 3 minutes ago
13 Bitunix Bitunix LDO/USDT $2.43 $5.07M 2.86% 11 minutes ago
14 Bitrue Bitrue LDO/USDT $2.43 $4.82M 2.72% 6 minutes ago
15 Phemex Phemex LDO/USDT $2.43 $3.88M 2.19% 4 minutes ago
16 Bilaxy Bilaxy LDO/USDT $2.43 $3.74M 2.11% 5 minutes ago
17 DigiFinex DigiFinex LDO/USDT $2.43 $3.29M 1.86% 6 minutes ago
18 KuCoin KuCoin LDO/USDT $2.44 $3.25M 1.84% a minute ago
19 FameEX FameEX LDO/USDT $2.42 $3.08M 1.74% 9 minutes ago
20 BloFin BloFin LDO/USDT $2.44 $2.87M 1.62% a minute ago