🟢 Important for $LDO Holders
Because when ETF goes live a huge boom it will give.
LDO is the native cryptocurrency of Lido DAO, a decentralized autonomous organization (DAO) and liquid staking protocol built on the Ethereum network. The purpose of LDO is:
1. Governance: LDO holders can participate in voting on proposals and decision-making processes within the Lido DAO, allowing them to shape the direction and development of the protocol.
2. Staking: LDO is used as a reward for validators who participate in the Lido liquid staking protocol, incentivizing them to secure the network.
3. Payment: LDO can be used for payment of fees and services within the Lido ecosystem.
4. Access: Holding LDO grants access to exclusive features and services within the Lido protocol, such as priority access to new features and higher yield rates.
5. Incentivization: LDO is used to incentivize users to contribute value to the Lido ecosystem, such as through content creation, community engagement, and development.
Overall, LDO plays a crucial role in the functioning and governance of the Lido DAO and liquid staking protocol, and its holders have a say in shaping the future of the project.
It will blast soon 😌