Lido DAO Token (LDO)
| Market Cap | $1,735,777,192 |
|---|---|
| Trading Volume | $200,763,108 |
| Volume / Market Cap | 0.1157 |
| Total Supply | 1,000,000,000 LDO |
| Max Supply | 1,000,000,000 LDO |
Lido DAO Token is currently trading at $2.1077, after a price change of 11.82% in the last 24 hours.
Ranked as cryptocurrency #29 by capitalization today, LDO market cap is valued at $1,735,777,192. LDO trading volume reached $200,763,108 in the last 24 hours. We track cryptocurrency data live in real-time. Make your own forecast on LDO coin price prediction page.
What is Lido DAO?
Lido DAO is a liquid staking solution for ether and multiple proof-of-stake protocols. The platform enables users to stake tokens without locking them or maintaining a staking system. Lido stakers are rewarded with staking derivatives tokens, which are maintained in a 1:1 ratio to the underlying staked tokens. Users wishing to stake in the protocol must deposit their ether in Lido smart contracts on the Ethereum blockchain.
There are 103,760,882.30 circulating LDO tokens from a total supply of 1,000,000,000 and a matching hard cap. The total token supply was minted at the project launch. From the initial supply, 36.32% was allocated to the DAO Treasury and 42.18% to the investors and developers. The founding team and validators got 21.5%.
Aside from the DAO treasury, LDO has a one-year lockup period and another one-year vesting period. The token is used in the governance rights of Lido DAO, where the voting rights are weighted based on the staked tokens in the voting contract.
Lido was unveiled in 2020. Some of its notable investors include Alameda Research, Coinbase Ventures, Three Arrows Capital, and Delphi Digital. Individual investors include Julien Bouteloup, Kain Warwick, Rune Christensen, and Will Harborne.