Dark Lord 😈 would like to share his thoughts on the Lido DAO (#LDO) project 🤑
👨🏻💻 LDO is the control token of Lido, a liquid cryptocurrency staking service. Works on blockchain networks such as Ethereum, Solana, Polygon and so on... LDO tokens are used to manage Lido's decentralized autonomous organization (DAO), which oversees the development of the project.
Website: lido.fi 🔗
The main problem of PoS-stacking is the lock-in of assets for a long period of time 🔐. Lido solves this problem: in exchange for the deposited coin, the user receives derivative tokens in a 1:1 ratio. For example, if you deposit ETH, you will receive stETH, which you can continue to use in other DeFi protocols and decentralized applications (dApps), increasing your profits 💸
Let's move to the chart:
➡️After a fairly strong rise, the asset started a corrective movement during which it formed a fairly strong support zone 🐋 in the form of 1W POI ($1.396-$1.719). In addition, a large amount of liquidity and inefficient pricing (2d imbalance) was left on top, as soon as the decline is over, these zones will contribute to the start of a new wave of upward movement 📈. In general, we can already start a set of spot positions, and in case of a decline to the upper boundary of the descending channel we can simply buy the asset.
