Lido DAO
LDO
Crypto
Governance
USD 1.71+6.17%
Lido DAO
UMushroom community rating:
About
Governance
Categoryn/a
Consensus MechanismL2
L1/L2n/a
Sub-cateegoryethereum
Ecosystem2020
Year of creation
Description
Lido DAO (LDO) is a Governance crypto token. Lido DAO was founded on 2020-12-15 on the ETHEREUM ecosystem. More information can be found at https://lido.fi/.
Key Technical Advantages:
Liquid Staking with stETH: Lido enables users to stake their Ether (ETH) without locking their assets or maintaining staking infrastructure. Users deposit ETH into Lido smart contracts and receive stETH tokens in return, representing their staked ETH. stETH tokens can be freely transferred, providing liquidity to users. DAO-Controlled System: Lido is managed by a Decentralized Autonomous Organization (DAO), which controls smart contracts, selects node operators, and governs the system. Node operators never have direct access to users' assets. Staking Rewards and Penalties: The stETH token balance is calculated based on the total amount of staked ETH, plus rewards, and minus any slashing penalties (which occur when a validator misbehaves). Lido applies a 10% fee on staking rewards, which is distributed between node operators, the DAO, and a slashing insurance fund. Beacon Chain Oracles: Since Ethereum 1.0 and Ethereum 2.0 are separate networks, Lido DAO-appointed oracles are responsible for monitoring node operators' beacon chain accounts and submitting corresponding data to Lido's Ethereum 1.0 smart contracts. This ensures communication between the two networks. Withdrawals and Future Upgrades: Withdrawals from Lido will be possible once transfers are implemented in Ethereum 2.0 (Phase 2). Lido DAO will upgrade the system to include this feature, and it will also be responsible for implementing new Ethereum 2.0 features as they become available. Content summarized by AI chatbotSource:
https://lido.fi/static/Lido:Ethereum-Liquid-Staking.pdfKey figures
-19.6%1Y
-39.4%3Y
-68.7%5Y
Performance
1/ 11D
2/ 11M
4/ 01Y
Highs/ Lows
13.09.2022
USD 6.36
All Time High
26.91%
% of All Time High
-95.00%All Time
-92.07%1 year
Max drawdown
#69
Ranking by Market Cap
1,551.28 M
Market cap (USD)
0.00%
% of Market
40.793 B
Category Market Cap (USD)
3.80%
% of Category
1000000000
Circulating Supply
896147256
Liquid Supply
89.61%
Liquid/ Circulating Supply
N/A
Not Available Currently
Max Supply
N/A
Not Available Currently
Circulating/ Max Supply
366566853
Volume Traded
32.11%
Volume Traded/ Market Cap
Ratings & reviews
Performance:
0.00
Innovation:
0.00
Society:
0.00
Nature:
0.00
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