Internet Computer (icp) Price: 3.13$ 
Lido DAO (ldo) Price: 1.58$Lido DAO (LDO) - Overview and Review
Introduction
Lido DAO (LDO) is a decentralized autonomous organization built on the Ethereum platform. It operates as a liquid staking protocol that allows users to stake their Ethereum and earn rewards without compromising the liquidity of their assets. Lido DAO aims to make staked Ethereum (ETH2) more accessible and efficient for users.
Key Details
- Symbol: LDO
- Asset Platform: Ethereum
- Category: Infrastructure, Decentralized Finance (DeFi), Polygon Ecosystem, Arbitrum Ecosystem, Optimism Ecosystem, Liquid Staking Governance Tokens, Ethereum Ecosystem
- Market Cap Rank: 35
- Price Change (30d): -21.93455%
Description
Lido DAO aims to solve the liquidity problem associated with staking Ethereum on the ETH2 network. Users who stake their Ethereum through Lido DAO receive an equal number of tokens representing their staked ETH, called stETH. These stETH tokens are tradable and can be used in various DeFi protocols, providing users with liquidity while still earning staking rewards.
Token Utility
LDO is the native token of the Lido DAO ecosystem. It serves several purposes within the protocol:
- Governance: LDO token holders have the power to make key decisions regarding the protocol's development and management.
- Economic Incentives: LDO tokens are used to incentivize participants to contribute to the network's security and stability.
- Staking Rewards: LDO holders can stake their tokens in the Lido DAO and earn additional rewards.
Conclusion
Lido DAO offers an innovative solution for Ethereum staking by providing liquidity and tradability to staked assets. With its native token, LDO, the project ensures community governance and incentivizes participants to contribute to the network's success. Despite a recent decrease in price, Lido DAO remains a promising project in the decentralized finance (DeFi) space.