Lido DAO price

in USD
$0.8593
-- (--)
USD
Market cap
$770.00M #53
Circulating supply
895.77M / 1B
All-time high
$4.040
24h volume
$52.20M
Rating
4.2 / 5
LDOLDO
USDUSD

About Lido DAO

LDO (Lido DAO) is a decentralized finance (DeFi) protocol that simplifies Ethereum staking. Instead of locking up ETH to earn rewards, users can deposit ETH and receive stETH—a liquid staking token that represents their staked ETH plus rewards. This allows users to earn passive income while keeping their assets tradable. Lido is governed by its community through the Lido DAO, ensuring decentralized decision-making. As one of the largest staking providers, Lido plays a key role in securing Ethereum and enabling flexible participation in staking for both individuals and institutions.
AI insights
DeFi
CertiK
Last audit: Jul 30, 2022, (UTC+8)

Lido DAO’s price performance

Past year
-23.04%
$1.12
3 months
-31.31%
$1.25
30 days
-32.38%
$1.27
7 days
-3.20%
$0.89

Lido DAO on socials

DAMBI
DAMBI
The reason why the performance indicates that payments are bound to become the next meta Recently, Bitget exchange has also started wallet and payment services, and even Aptos has launched payments. Why suddenly? With the trend of payments and neobanks popping up everywhere, the reason everyone is rushing to implement payment systems is simply because money is flowing in. It's easy to understand how projects like EtherFi are changing the game. Most DeFi protocols currently excel at just one thing: • Uniswap = DEX • Compound = lending • Lido = staking But now the market is showing interesting changes, and EtherFi is making huge profits in the L2 market. EtherFi was initially just another liquid staking protocol, but now? It has become the top player in payments. September's performance peaked at a whopping $5.34M... which means it's earning around 8 billion won a month. With staking, lending, credit cards, and even mobile apps, it has opened a pathway for people who make money in crypto to use that money without necessarily exiting through Upbit. Why is this important? Connecting 10 different wallets across 10 different protocols, getting drained by gas fees, and getting drained again at the bridge... EtherFi solves this all in one go, gaining the most vulnerable yet crucial "staying power" in crypto. Below is the usage of EtherFi cash; can you see that the amount used through EtherFi for stablecoins is increasing day by day? This means that the cases of using EtherFi to actually purchase stablecoins are on the rise. By providing convenience in storage and usage + DeFi yield to users, EtherFi creates the power to keep capital within EtherFi. I believe this is the most important aspect that drives the success of mass adoption. The incentive payback structure for all the volume that gets the neobank's flywheel rolling has so far established a great business model thanks to the explosive influx of stablecoins. Now, let's see how EtherFi achieved this through its strategy: Step 1: Secure TVL with LST Step 2: Launch additional financial products Step 3: Enter retail through a mobile app Step 4: Connect to real life with credit card services (Even if you don't use it right now, instilling the perception that you'll use EtherFi in the future + branding + etc.) Isn't it similar to banks merging booths with securities firms to increase cost and operational efficiency? But if you do this, people will naturally use it more, right? Since everything can be done in one place, they'll like it more, but thinking that way is a bit naive. As complexity increases, the risk of bugs and hacks also rises, and we can't ignore the resistance from users due to changes in the UI/UX of existing protocols, just look at KakaoTalk right now... I digressed a bit, but anyway, EtherFi's competitors currently include: • Morpho: Starting with lending and expanding • Pendle: From yield trading to portfolio management • Eigenlayer: From restaking to financial infrastructure Everyone is aiming for the same thing, and honestly, what they're doing is quite similar. Earlier, I mentioned that the influx of stablecoins made the neobank trend possible, right? The reason DeFi is gradually transitioning to neobank business is that while projects have increased their TVL, vault revenue has continued to decline. The capital pool keeps growing, but the capital efficiency of that money is getting worse, leading to new solutions? Or it can be seen as a natural next flow. Think about it: if people made profits during the crypto bull market in September and October, what would they do with that money? Ultimately, they would either spend it or withdraw it, right? Then opening routes to earn money would also become profitable. This is how it has naturally progressed. So now I've given you all the hints, right? We are in the stablecoin trend, and now the payment trend is next. With the payment incentives popping up everywhere and huge exchanges participating madly in this meta, what should we focus on? The area that is surprisingly overlooked is privacy and purchasing pattern information. The information about where our money is being spent is actually very valuable. Information held by card companies, companies like Coupang that have our consumption patterns, buying power, and so on. Ultimately, our task is to find companies that possess technology regarding consumer privacy and can effectively utilize it to drive the neobank meta's flywheel. Let's start sorting the wheat from the chaff (where can you find that? Just try everything, haha). Oh, I don't know, but if you ask me for a pick...? (See comments)
ross
ross
if any dev chads want to make this more of a thing "free stablecoin transfers on L1", do contribute to the dapp code (simple html file on ens) and help me make it so that the relayer smart contracts are as optimized and accurate as possible in gas estimation:
ross
ross
also, pay stablecoin gas with your own @LidoFinance yield. Accelerate.
ross
ross
also, pay stablecoin gas with your own @LidoFinance yield. Accelerate.
ross
ross
hey chat. How valuable would a system on @ethereum be that allowed you to basically send stablecoins for "free" using signed IOUs which can be redeemed via @LidoFinance yield?

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Lido DAO FAQ

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.

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.

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.

Currently, one Lido DAO is worth $0.8593. For answers and insight into Lido DAO's price action, you're in the right place. Explore the latest Lido DAO charts and trade responsibly with OKX.
Cryptocurrencies, such as Lido DAO, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Lido DAO have been created as well.
Check out our Lido DAO price prediction page to forecast future prices and determine your price targets.

Dive deeper into Lido DAO

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

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Market cap
$770.00M #53
Circulating supply
895.77M / 1B
All-time high
$4.040
24h volume
$52.20M
Rating
4.2 / 5
LDOLDO
USDUSD
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