Lido DAO (LDO) is a decentralized autonomous organization that provides staking infrastructure for multiple blockchain networks, primarily Ethereum and Polygon ¹. It allows users to stake their ETH and receive stETH (Lido staked ETH) tokens in exchange, representing their staked ETH and staking rewards ¹. This liquid staking solution empowers users to put their staked assets to use, supporting various Proof of Stake (PoS) cryptocurrencies ².$LDO
*Key Features:*
- _Decentralized Governance_: Lido DAO is secured by decentralized governance, audited code, and smart contracts ¹.
- _Staking Rewards_: Users can earn block rewards from staking PoS assets while addressing issues like illiquidity and centralization ².
- _Liquid Staking_: Lido's liquid staking service allows users to tap into staking rewards without compromising their tokens' liquidity ².
*Token Information:*
- _Total Supply_: 1 billion LDO tokens ¹ ²
- _Circulating Supply_: Approximately 895 million LDO tokens ¹
- _Market Capitalization_: Over $1.1 billion ¹
*Where to Buy:*
You can trade LDO on various exchanges, including Binance, KuCoin, Kraken, and Coinbase ³.
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