You can see my previous analysis of Lido DAO (LDO) in the chart below.

Previous LDO analysis

All the goals I specified for #LDO have arrived. Now it's time to set new goals. In a situation where interest rates all over the world have reached their peak and are about to start their downward movement, the importance of platforms such as #Lido will increase even more. When we examine the chart, we see that the support point that can be considered for the purchase is 2.06 USDT and the resistance points it will encounter will be 2.785 and 3.272 USDT levels, respectively.

LDO USDT Daily

What is Lido DAO (LDO)? What are its features?

Lido DAO is a protocol that allows users to stake their assets in a liquid manner on #Ethereum and other blockchains. Lido DAO is designed to facilitate Ethereum's transition to the Proof-of-Stake (PoS) algorithm.

Lido DAO uses the st #ETH token used as a representation of staked assets. stETH can be exchanged with Ethereum at a 1:1 ratio. This allows users to use their staked assets in a liquid manner.

The main features of Lido DAO are:

  • Liquidity: Lido DAO uses the stETH token used as a representation of staked assets. stETH can be exchanged with Ethereum at a 1:1 ratio. This allows users to use their staked assets in a liquid manner.

  • Security: Lido DAO maintains the security and compliance of Ethereum. Lido DAO is designed to facilitate Ethereum's transition to the PoS algorithm.

  • Governance: Lido DAO is governed by a decentralized DAO. LDO token holders have a say in the governance of the Lido DAO.

Lido DAO has significant potential to improve Ethereum's scalability. Lido DAO will increase the security and compatibility of Ethereum by allowing more users to stake Ethereum.

The risks and rewards of #LidoDAO from an investment perspective should also be considered. Lido DAO is a protocol that is still developing. Therefore, its price can be quite variable. Therefore, it is important to carefully evaluate the risks before investing in Lido DAO.

The main benefits of Lido DAO are:

  • Liquidity: Lido DAO allows users to use their staked assets in a liquid manner. This enables users to implement various investment strategies.

  • Security: Lido DAO maintains the security and compliance of Ethereum. This increases the security of users' data and assets.

  • Governance: Lido DAO is governed by a decentralized DAO. This allows Lido DAO to protect users' interests.

$LDO $ETH