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Price has increased by 125.01% in the last 1 year.
Released 2 Years ago on Dec,14 2020.
Over 86.29% of the total supply is in circulation.
Has high liquidity with 0.05973 volume to market cap ratio. The current market cap is $2.1B while the 24-hour volume is $125.27M
LDO comes under the list of new-arrival cryptos. Hence, there is no Quarterly Return exist.
LDO to NGN price today is ₦1,118.81, which is Up by 4.08% over the last 24 hours. There has been an hourly Rise by 0.70%. Lido DAO's market cap currently sits at ₦965,463,919,478.14 NGN, holding up for a market cap rank at #31. The volume were at ₦57,665,768,676.27 NGN Lido DAO ranks no 31 in the market capitalization of Lido DAO is at ₦965,463,919,478.14 and its volume for 24 hours is ₦57,665,768,676.27. Lido DAO are under circulation, with total supply of 1B and the Maximum supply of 1B.
What is Lido DAO (LDO)?
With Lido, you can stake on Ethereum 2.0 and other Ethereum proof-of-stake chains such as Solana (SOL), Polygon (MATIC), Polkadot (DOT), and Kusama (KSM) via a DAO (decentralized autonomous organization). In addition to managing fees and distribution, LDO is used as an incentive for Lido node operators to join and leave Lido.
Users can earn rewards with their tokens without having to lock them into a staking framework or maintain them. No minimum deposit or infrastructure maintenance is required with Lido, allowing users to gamble with Ethereum. Compound returns and lending can be accessed by users by participating in on-chain activities.
Who Are the Founders of Lido?
StakeFish, StakingFacilities, Chorus, P2P Capital, and KR1 are members of the Lido DAO, along with ParaFi Capital, Libertus Capital, Terra, Bitscale Capital, and P2P Capital. Aave, Yearn, Deversifi, Stake Capital, and Synthetix are just a few of the essential angel investors for Lido.
When was it Launched?
This backbone of Ethereum's proof of stake network (POS) was launched just weeks after Ethereum 2.0's Beacon Chain. Staking on the Ethereum blockchain is prohibited by specific technical and operational barriers. LDO (LDO) is designed to overcome these barriers.
Users can stake any amount of ETH by connecting their crypto wallets. The staked ETH is exchanged into sETH at a 1:1 ratio. Users' sETH returns are reduced by 10% due to the 10% transaction cost.
Loans in Maker DAO can be secured by SETH.
Curve DAO also supports sETH. Users can purchase stablecoins through Curve DAO.
The Problem it Aims to Solve?
On the Ethereum blockchain, staking presents several challenges. A maximum of 32 ETH can be risked by users. To gamble, you need some technical expertise. Staked ETH cannot be used in protocols other than ETH 2.0's initial phase.
Assets can only be accessed or un-staked after a lock-up period has ended. DeFi protocols on the market do not earn them additional yields. Individual and retail users need help navigating the complicated validator system and entry barriers.
HOW DOES LIDO DAO WORK?
A primary focus of Lido DAO was to provide Ethereum staking services in December 2020. A liquidity staking platform, however, was created using other protocols. The Lido DAO ecosystem is composed of four operations.
A user can earn staking rewards by staking their tokens every day. There is no limit on how much users can bet.
Users stake and are issued new tokens equal to their initial stake when they stake. DeFi's ecosystem allows users to compound yields across staked tokens.
Multiplatform usage of tokens can increase user yields.
There is nothing more critical to Lido DAO than its community. The DAO serves as the central governing body and builds liquid staking services.
Key attributes of LIDO DAO?
Using Lido DAO, you can stake liquidity DAOs in a new manner. It makes the platform more human-centric thanks to the disruptive no-lock period.
A proposal formulated by the community can either be voted for or against by DAO members who hold the most LDO tokens. The fee structure for DAO operations is also set by members.
The community is responsible for building and governing fluid staking services in Lido DAO. There are more participating DAOs every day as contributors work together to make Lido's future bright.
Some major companies that make up Lido DAO's DeFi portfolio are Sushiswap, FTX, Maker DAO, Aave, Curve, and 1 inch, among others. These platforms are available directly to members of the community.
Multichain liquidity staking:
Since Lido DAO was initially designed for Ethereum services, staking provided by Solana and Terra has been incorporated into the platform, creating a multichain liquidity staking platform.
Utility of Lido DAO:
Providing asset liquidity is the primary focus of Lido's staking platform. Staked Ethereum is the reward for staking ETH, while Staked Solana and Luna are the rewards for staking Solana or Luna. There are a variety of platforms available for DAO participants, including Yearn, Curve, and Maker. Lido's Ethereum 2.0 rewards are also available to participants with these derivatives.
|Token Name||Lido DAO|
|24h volume||$ 212.11 million ($ 212,108,077)|
|Market cap||$ 2.51 billion ($ 2,513,574,921)|
|Fully diluted market cap||$ 1.69 million ($ 1,689,585)|
|Circulating supply||1.17 billion LDO (1,167,852,731.39 LDO)|
|Total supply||1.53 billion LDO (1,534,818,044.95 LDO)|
|Max supply||785,012.00 LDO|
|Issuance blockchains||BNB Smart Chain, Ethereum, Polygon, Solana, Terra Classic|
Where is the Lido DAO (LDO) coin available?
Lido DAO (LDO) is available on a variety of cryptocurrency exchanges. The list of quick, secure, and easy exchanges is listed below.
You can check the whole list of exchanges here to buy Lido DAO (LDO)
The current Lido DAO to NGN price is ₦1,118.81. In the last 24 hours, LDO to NGN price has gone up by 4.08%. The cryptocurrency market is volatile and never predicts its price movement, and it requires expertise and knowledge, and it is such a problematic take. Let's look at what our experts and market analysts discuss regarding future Lido DAO price prediction.
Using a crypto portfolio tracker has become more convenient than it was in the past. This tool enables you to keep track of your crypto assets. As an example, you have acquired Lido DAO at different prices, which makes it difficult to identify the individual purchasing prices. A portfolio tracker lets you identify profit and loss. Also organise it.
By exchanging LDO against fiat currencies (such as the U.S. dollar or Japanese yen) or using them as payment for goods and services, Lido DAO can be earned or received in various ways. LDO considers as the most popular cryptocurrency, and on the other side, USD is the most demanding fiat currency globally. Today, almost every fiat currency has been paired with the LDO, including LDO to PHP, LDO to INR, LDO to NGN, LDO to THB, LDO to CAD, LDO to PKR, LDO to IDR , LDO to EUR , LDO to AUD , LDO to BDT and many more in the queue. The given all are fiat currency and the most widespread pairs in the market.
Would you like to know how many cryptocurrencies 1 LDO is equivalent to other cryptocurrencies or vice versa? With Digitalcoinprice's Cryptocurrency Converter Calculator, you can easily convert cryptocurrency pairs. You can convert and check any crypto pairs like LDO to ARB, LDO to SXP, LDO to XRP, LDO to BTC, LDO to CAKE, LDO to MATIC, LDO to ETH, LDO to OP .
The current price of the Lido DAO(LDO) is ₦1,118.81, with a current market cap ₦965,463,919,478.14.
The maximum supply of the Lido DAO(LDO) is around 1B.
LDO is a ticker symbol of the Lido DAO.
At the movement,862.94M Lido DAO tokens are already in the market out of 1B LDO.
There are many options for buying crypto, and Lido DAO can be purchased from many crypto exchanges at any time.Just visit DigitalCoinPrice to get the world's best crypto exchanges list and buy Lido DAO. It's a quick, easy, and secure way to buy Lido DAO(LDO).
No, It is not a stablecoin.
Lido DAO had an all-time low of ₦186.90.
Lido DAO had an all-time low of ₦186.90.
Lido DAO was created on 14 December 2020.
No, the Lido DAO (LDO) coin cannot be mined.
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