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Lido is a secure liquid staking protocol that supports several layer-1 and layer-2 cryptos that use the Proof of Stake (POS) consensus mechanism. It addresses a fundamental problem plaguing the current POS staking system. One of the critical challenges of the staking ecosystem is illiquidity. $LDO
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The LDO token grants holders with governance rights in the operations of the Lido DAO, as well as the removal or addition of Lido node operators and helping with the management of fee parameters and distribution. The more LDO coins a user holds, the more powerful their vote. #LDO/USDT📈 $LDO
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The LDO token is clearly one of the assets to watch, as Lido is currently the best positioned project in liquid staking, a fast-growing activity. It is the protocol that is capturing the most value in decentralised finance (DeFi) and it is already profitable #LDO #ldotoken #LDO/USDT📈 $LDO
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$BTC On May 22, 2010, Florida-resident Laszlo Hanyecz paid 10,000 bitcoin (BTC) for two Papa Johns pizzas in what is largely considered to be the first purchase ever made with the then experiential digital currency. The value of those coins would be worth just under $700 million today. It's called bad luck. #pizzaday #bitcoinpizza
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$LDO Lido DAO is an innovative decentralized autonomous organization that offers a liquid staking solution on the Ethereum 2.0 blockchain as well as other Proof of Stake (PoS) platforms like Solana (SOL), Polygon (MATIC), Polkadot (DOT), and Kusama (KSM). By initially locking up assets, Lido DAO allows users to liquefy their holdings and use them for other protocols - what we call 'liquid staking'. Through this yield-generating process, users are able to receive a tokenized version of their staked tokens on a 1:1 basis when depositing their crypto tokens into the network, which can then be used to participate in other DeFi on-chain activities to gain additional yields. Since its establishment in December 2020, shortly after ETH 2.0's release, the platform has been overseen by the Lido DAO, with several key members including P2P Capital, KR1 and Semantic Ventures. Since then, Lido DAO has gained an impressive reputation for its liquid staking capabilities, and now boasts over $13 billion in staked assets. Its core focus is on Ethereum, yet its horizons are expanding to other blockchain networks including Terra and Solana, both of which launched staking capabilities in 2021, as well as several other layer 1 PoS blockchains. Lido DAO stands apart from other liquid staking protocols due to its decentralized nature and attractive annual percentage rates (APR). The platform offers 4.8%, 8.1% and 6.6% APR for staking Ethereum, Terra and Solana respectively. #LDO/USDT #bitcoin
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