What is LDO? The full name of LDO coin in English is Lido DAO Token. The issuance date is 2021-01-05, and the maximum supply issued is 1,000,000,000 LDO. LDO is an Ethereum token that grants governance rights in Lido DAO. Lido DAO manages a set of liquidity staking protocols, determines key parameters (such as fees), and performs protocol upgrades to ensure efficiency and stability. By holding LDO tokens, you can get voting rights in Lido DAO. The more LDO locked in the user voting contract, the more decision-making power the voter gets. Lido DAO is a community building a liquidity staking service for Ethereum. Lido allows users to get staking rewards without locking assets or maintaining staking infrastructure.

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LDO allows you to stake tokens from many networks. Select a network below to get started.

Ethereum 2.0

Stake any amount of ETH and earn daily staking rewards. Use your staked ETH in DeFi to increase your returns.

Earth

Stake Luna using stLuna or bLuna to earn staking rewards. Maintain full control of your staked tokens and use them in Terra DeFi applications.

Solana

Stake your Solana and earn stSOL. Earn extra yield with your stSOL and use your staked SOL across the Solana ecosystem.

Yayoi Kusama

Stake your Kusama and earn stKSM. Earn daily staking rewards and stake your stKSM on DeFi to work in the Kusama and Moonriver ecosystems.

Polygon

Stake MATIC tokens to support network decentralization and watch the value of your stMATIC grow. Staking no longer means locking.

How does it work?

Lido builds the most advanced liquid staking protocol to develop the staking economy

bet

Lido allows users to stake their assets to receive daily staking rewards. Users can stake any amount of tokens - there is no minimum.

Mint

When staking Lido, you mint staked tokens that are pegged 1:1 to your initial stake. Your staked tokens can be used throughout the DeFi ecosystem to increase your returns.

Decentralized Finance

Lido lets you earn yield on top of yield using your staked assets. Use your tokens (earn daily staking rewards) as collateral for lending, yield farming, and more.

Community

Lido DAO is a community building liquid staking services and managing the direction of Lido. The number of DAO participants is growing every day, and contributors are working together to build the future of Lido.

LDO Distribution

Currently, founding members have LDO tokens locked for 1 year, after which the tokens will vest in 1 year. This means that founding members will have the possibility to transfer some of their tokens after one year and have all tokens transferable in two years.
The only unlocked LDOs in existence are in the DAO Treasury (~36% of total supply) - anyone can make suggestions on how to use them, including you. If you have any initiatives or you know how to benefit the Lido Protocol, please share your ideas with governance. In addition to this, the DAO can decide to issue additional tokens for fundraising, marketing or incentive purposes.

There are many potential risks in staking ETH using liquid staking protocols.

• Smart Contract Security
  Lido has inherent risks and may contain smart contract vulnerabilities or bugs. The Lido code is open source, audited, and covered by an extensive bug bounty program to minimize this risk.

• ETH 2.0 – Technical Risks
  Lido is built on actively developed experimental technology and cannot guarantee that the development of ETH 2.0 is bug-free. Any bugs inherent in ETH 2.0 will bring slashing risk as well as stETH volatility risk.

• ETH 2.0 – Adoption Risks
  The value of stETH is built on staking rewards associated with the Ethereum beacon chain. If ETH 2.0 fails to achieve the required level of adoption, the value of ETH and stETH could fluctuate significantly.

• DAO Key Management Risks
  In the early stages of Lido, slightly over 600k ETH is held in multiple accounts supported via a multi-signature threshold schedule to minimize custodial risk. We run the risk of these funds (less than 20% of total stake as of April 2022) being locked up if signatories above a certain threshold lose their key stake, get hacked, or go rogue.

• Reduce risk
  ETH 2.0 validators are at risk of staking penalties, where up to 100% of staked funds are at risk if a validator fails to validate a transaction. To minimize this risk, Lido has a different setup across multiple professional and reputable node operators, and provides additional mitigation in the form of insurance paid for by Lido fees.

• stETH price risk
  Users bear the risk of stETH trading at a price that may be below its intrinsic value due to Lido’s withdrawal limits, making arbitrage and risk-free market making impossible.