Lido DAO LDO
LDO
5.060
$
6.37 %
Change 24h
Market Cap
$ 255,598,000
Volume 24h
$ 2,600,890
Circulating Supply
50,522,500
LDO
$
Description
Lido is a staking solution for ETH 2.0 built to solve these problems and backed by several industry-leading staking providers. It makes staked ETH liquid and allows participation with any amount of ETH.
When using Lido to stake your ETH on the Ethereum beacon chain, users will receive a token (stETH), which represents their ETH on the Ethereum beacon chain on a 1:1 basis. It effectively acts as a bridge bringing ETH 2.0’s staking rewards to ETH 1.0.