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What is Lido DAO?

Lido DAO (LDO) is a liquid staking solution for proof-of-stake (POS) blockchains, aggregating node operator partners who run the underlying validator infrastructure on the Ethereum (ETH) and Solana (SOL) blockchains. LDO is an ERC-20 governance token compliant with the Ethereum network. LDO is also used to reward various users and activities. Some common payments from the Lido DAO have been grants, referral program payouts, liquidity incentives, insurance purchases, and bug bounties. You can safely and reliably buy, sell, send, and store “LDO” at LiteBit.

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Lido: Liquid staking on Ethereum, Solana, Polkadot, and more

Aug 25, 2022

Staking is highly lucrative for many investors. Once the decision is made that a coin is a long-term investment staking adds value by creating additional yield. Since many retail investors lack the capital to run validator nodes most of them are dependent on staking pools or delegating their funds to a validator.

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