Everything You Need to Know About Lido
Lido is a liquid staking solution for Ethereum and other Proof-of-Stake (PoS) blockchains like Solana, Polygon, and Polkadot. It enables users to stake assets without technical expertise or meeting minimum staking thresholds (e.g., 32 ETH for Ethereum).
Key Features of Lido
- Accessibility: Stake any amount of ETH, SOL, MATIC, DOT, or KSM.
- Liquid Tokens: Receive staked derivatives (e.g., stETH for ETH) that maintain a 1:1 value ratio with the underlying asset.
- Decentralized Governance: Managed by Lido DAO via the LDO governance token.
How Lido Works
Staking Simplified
- Deposit Assets: Send ETH or other supported tokens to Lido’s smart contract.
- Receive stTokens: Get stETH (or equivalent) representing your staked assets.
- Earn Rewards: Accumulate daily staking rewards automatically.
Ethereum 2.0 and Decentralization
Lido enhances Ethereum’s decentralization by distributing validator roles across multiple operators, reducing reliance on centralized exchanges.
Tokenomics of LDO
Supply Distribution
- Total Supply: 1 billion LDO.
- Circulating Supply: ~679 million LDO (as of latest data).
Allocation:
- DAO Treasury: 36.32%
- Investors: 22.18%
- Team & Founders: 35%
- Validators: 6.5%
Utility
- Governance: Vote on protocol upgrades, validator lists, and fee structures.
- Incentives: Earn rewards through staking and participation in Lido DAO.
How to Buy LDO
Step-by-Step Purchase Guide
- Choose an Exchange: 👉 Buy LDO on OKX or other major platforms.
- Set Up a Wallet: Use MetaMask, Ledger, or XDEFI for secure storage.
- Trade: Swap ETH or stablecoins for LDO.
Storing LDO: Recommended Wallets
Hot Wallets
- MetaMask: Browser/mobile extension for ERC-20 tokens.
- XDEFI: Multi-chain support with DeFi integrations.
Cold Wallets
- Ledger Nano X: Hardware wallet for maximum security.
FAQs About Lido (LDO)
1. Who founded Lido?
- Key founders include Jordan Fish (Cobie) and Kasper Rasmussen, backed by investors like ParaFi Capital and KR1.
2. Will stETH remain post-Merge?
- Yes, stETH continues to represent staked ETH and rewards in DeFi ecosystems.
3. What’s Lido’s market cap?
- ~$917 million (subject to change; check real-time data).
4. Where can I track Lido updates?
- Follow official Lido website or Coin Academy for news.
👉 Explore stETH benefits on OKX
Note: Always conduct independent research before investing.