LIVEBRIEF RESEARCH OF THE LDO COIN
LDO is the native token of Lido DAO, a decentralized autonomous organization (DAO) that provides staking infrastructure for several blockchain networks. One of the main services offered by Lido DAO is liquid staking for Ethereum, which allows users to deposit their ETH and receive stETH tokens (Lido staked ETH) in exchange, which represent the added ETH and their staking rewards. LDO also serves as a governance token for Lido DAO, giving its holders the right to participate in proposals and voting on important decisions such as board adjustments, new integrations, and platform updates. LDO has a total and maximum supply of 1 billion coins, with approximately 890 million coins currently in circulation.
The current LDO price is around IDR 51,579.71 per coin, with a market capitalization of IDR 46.5 trillion and a 24-hour trading volume of IDR 1.65 trillion¹. LDO prices reached an all-time high of IDR 172,155.68 in November 2021, and an all-time low of IDR 6,353.07 in June 2022. LDO prices are influenced by various factors, such as market demand and supply, developments and innovations in the field of staking and DeFi, as well as global macroeconomic and geopolitical conditions.
Lido DAO was founded by Konstantin Lomashuk, Vasiliy Shapovalov, and Jordan Fish in 2020, with help from a group of financial companies and angel investors. Some of the companies involved in the launch of Lido DAO are Semantic VC, ParaFi Capital, Libertus Capital, Bitscale Capital, StakeFish, StakingFacilities, Chorus, P2P Capital, and KR1. Lido DAO operates on Ethereum with the help of smart contracts that process user deposits and reward distribution, among other functions. Several third-party security companies have audited Lido smart contracts to identify and address potential vulnerabilities.
