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LDO, or Lido DAO Token, is the Lido DAO's native utility token. The Lido DAO is an Ethereum-based liquid staking service that allows users to earn staking rewards without locking assets or maintaining staking infrastructure while still engaging in on-chain activities such as lending.LDO has been listed on MEXC Exchange.
The Lido DAO Staking Protocol's Key Features
Lido is ready to accompany the launch of ETH 2.0. As a result, it is intended to compensate for the high market risks associated with frozen staked assets in the Ethereum 2.0 structural design.
Value storage. Users can deposit ether into Lido smart contracts in exchange for stETH, a tokenized version of staked ether. The DAO-controlled smart contracts then stake tokens with node operators chosen by the DAO. Unlike staked ether, the stETH token is not limited by a lack of liquidity and can be transferred at any time. The stETH token balance will be calculated using the total amount of ether staked, plus any rewards and minus any slashing penalties.
Security. Throughout the staking process, node validators will never have direct access to user funds. Furthermore, the amount of ether staked by Lido is fully auditable and does not rely on a single party's private key management.
The Lido DAO Staking Protocol's Key Features
Lido is ready to accompany the launch of ETH 2.0. As a result, it is intended to compensate for the high market risks associated with frozen staked assets in the Ethereum 2.0 structural design.
Value storage. Users can deposit ether into Lido smart contracts in exchange for stETH, a tokenized version of staked ether. The DAO-controlled smart contracts then stake tokens with node operators chosen by the DAO. Unlike staked ether, the stETH token is not limited by a lack of liquidity and can be transferred at any time. The stETH token balance will be calculated using the total amount of ether staked, plus any rewards and minus any slashing penalties.
Security. Throughout the staking process, node validators will never have direct access to user funds. Furthermore, the amount of ether staked by Lido is fully auditable and does not rely on a single party's private key management.
