Lido DAO
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Information about Lido DAO (LDO)
The Lido Ethereum Liquid Staking Protocol, built on Ethereum 2.0's Beacon chain, allows their users to earn staking rewards on the Beacon chain without locking Ether or maintaining staking infrastructure.
Lido builds state of the art liquid staking protocols to grow the staking economy:
- Stake: Lido lets users stake their assets for daily staking rewards. User can stake any amount of tokens - no minimum.
- Mint: When staking Lido you mint staked tokens which are pegged 1:1 to your initial stake. Your staked tokens can be used across the DeFi ecosystem to compound your yield. Unlike staked ether, the stETH token is free from the limitations associated with a lack of liquidity and can be transferred at any time.
- DeFi: Lido lets you use your staked assets to gain yield on top of yield. Use your tokens (which earn daily staking rewards) as collateral, for lending, yield farming and more.
- Community: Lido DAO is a community that builds liquid staking services and governs the direction of Lido. The number of DAO participants is growing daily with contributors working together to build the future of Lido.
LDO is a granting governance rights token of the Lido DAO, operating on Ethereum according to ERC20 standard. By holding the LDO token, one is granted voting rights within the Lido DAO, deciding on key parameters (e.g., setting fees, assigning node operators and oracles, etc.). The more LDO locked in a user’s voting contract, the greater the decision-making power the voter gets.
Specifications
- Name: Lido DAO Token
- Symbol: LDO
- Platform: Ethereum
- Standard: ERC20
- Type: Governance Token
- Smart Contract Address: 0x5a98fcbea516cf06857215779fd812ca3bef1b32
News
Currently, LDO’s price is critical as it rests at the 0.88 USD support—only seen twice in the past two years. If bearish trends continue, it could fall to 0.545 USD, hitting new multi-year lows, risking high investment losses.
Investors should exercise caution as technical indicators suggest strong bearish momentum. Following a 43% decline in just two weeks, market conditions remain unfavorable, indicating that purchasing LDO at present levels contrasts with existing trends and indicators.
After dropping to 1.5 USD, LDO has shown signs of recovery, reflecting positive sentiment fueled by the Lido v3 upgrade. This upgrade enhances staking flexibility and confirms Lido DAO’s dominance in the DeFi space.
Although LDO has rebounded, technical indicators remain bearish, indicating capital outflows. Despite this, the sentiment in the market has reached a 9-month high, hinting at a possible buying opportunity for investors.
LDO shows signs of recovery as it tests its trading channel’s lower boundary. Despite the positive price action, over 52.40% of holders are ‘Out of the Money,’ reflecting cautious market sentiment.
Transaction volumes surged, peaking at 2.83k, correlating with a price of $1.87. A sustained buying momentum could push LDO towards $2.40, but failure to maintain current support may see it drop to $1.34.
Currently, 37.47% of LDO holders are in profit, while a significant 52.40% face potential losses if selling at current prices. This distribution of profitability reflects a cautious investor sentiment within the LDO market.
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