Lido DAO Research Hub | LDO information, history and analysis
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.
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.
XLM is currently valued at 0.419 USD, targeting a breakout towards 0.58 USD, provided it maintains above the 0.416 USD support level.
LDO surged 15% after breaking an ascending triangle pattern, seeking to establish a support at 2.20 USD to move towards 2.61 USD.
LTC jumped 12% on ETF news, aiming for 147 USD, with necessary resistance to break at 136 USD.
Lido DAO (LDO) is currently trading at approximately $2.13, up 16% in 24 hours. The price has been confined between $1.50 and $2.00, but a breakout above $2.15 is necessary for a substantial increase.
In the last 24 hours, LDO’s open interest increased by 32%, suggesting heightened trader interest. The long/short ratio of 1.14 signals a bullish sentiment, with over half of traders positioned long.
Lido DAO (LDO) has shown significant gains over the past week, increasing by 27%. Trading at 2.14 USD, it has also seen a 10.06% rise in the past 24 hours. However, it still sits 88.45% lower than its record high of 18.62 USD.
Analysts predict a potential 80% price increase for LDO, referencing current market movements and bullish patterns. Furthermore, bullish sentiment among investors is shown with a Long/Short Ratio of 59.94%.
This week, AVAX whale netflows surged by 151%, indicating bullish sentiment and a possible push toward 40 USD. On the other hand, Dogecoin whales purchased 1.65 billion coins, valued at 569 million USD, aiming to break through the 0.40 USD resistance.
Meanwhile, Lido DAO’s large holders acquired 15 million LDO tokens, suggesting a price forecast of 2.26 USD if the buying trend continues.
A dormant Lido DAO whale recently spent 4.9 million USD to acquire 2.72 million LDO tokens, signaling confidence in the asset. This has contributed to an uptick in buying pressure, with LDO now trading at 1.84 USD.
Increased whale transactions are aligning with positive retail investor sentiment, suggesting a bullish future for LDO. Should the trend persist, LDO could target the 2.1 USD resistance.
Lido (LDO) has established a bullish perspective following a breakout from a falling wedge pattern, solidified by robust trading volumes and significant support at 1.88 USD. External factors, such as the adoption of liquid staking and Ethereum’s staking mechanism, could further drive LDO’s price potentially upwards.
Despite resistance at 2.40 USD, LDO’s price pulled back to 1.40 USD before recovering by approximately 50%. Achieving a daily close above 2.70 USD is crucial to aim for higher targets like 3,574 USD and 4,632 USD. Currently, LDO’s market cap stands at 1.28 billion USD, underscoring its importance in the DeFi space.
The recent increase in Open Interest reflects growing trader participation, indicating a bullish sentiment from both long and short positions. Future price actions could be influenced by macroeconomic factors affecting the broader crypto market. Traders should also monitor funding rates as they impact market dynamics.
Lido’s financial turnaround is noteworthy: Lido Finance generated a profit of 5 million USD in 2024, marking its first profit in four years. This turnaround follows total revenues of 99 million USD against expenses of 94 million USD, showcasing effective cost management.
Ethereum’s price surge impacts Lido’s success: A 67% increase in Ethereum’s price helped boost Lido’s earnings, escalating from 2,350 USD to over 4,000 USD. This price rise intensified user interest in staking services, positively affecting Lido’s market performance.
Strategic focus on Ethereum enhances growth potential: Lido exited the Polygon network to concentrate on Ethereum, responding to scalability issues. The introduction of a community staking module encouraged more user engagement, reflected in the 5% increase in total locked ETH.