Lido DAOLDO
Convert LDO to your currency
Last Updated on Sep 28, 2025 03:35 AM
What is Lido DAO?
About the coin
Lido is an open-source software suite that operates on the Ethereum and Polygon networks. It allows users to stake their tokens and earn rewards that are linked to blockchain validation activities. This platform is designed to simplify the staking process for users, providing them with an easy way to participate in network security and earn rewards.
Main features
One of the main features of Lido is the ability to mint transferable utility tokens, known as stTokens. These tokens represent the user's staked amounts and can be used within the ecosystem. Lido batches these tokens to stake with validators, ensuring that the staking process is efficient and secure. Additionally, Lido provides users with detailed statistics on total staked assets, annual percentage rates, and the market cap of stETH, which is the token representing staked Ether.
How it works
When users decide to stake their tokens with Lido, they receive stTokens in return. These stTokens are a representation of their staked assets and can be transferred or used within the Lido ecosystem. If a user wishes to withdraw their staked tokens, they must burn the stTokens to initiate the withdrawal process. This mechanism ensures that the staking and withdrawal processes are seamless and user-friendly, allowing users to easily manage their staked assets.
Wallet for Lido DAO
Experience the future of Crypto Wallets with Tangem
Tangem supports networks for Lido DAO
- Ethereum
- Bnb Smart Chain
- Solana
- Polygon Pos
- Arbitrum One
- Optimism
Metrics
Insights
Price performance
Another
Lido DAO FAQ
- Owning cryptocurrency can be important for several reasons: it provides a decentralized way to store and transfer value, offers potential for investment growth, enables participation in emerging financial technologies, and can be used for secure and private transactions.
- A cryptocurrency wallet is a tool or device that allows you to store, manage, and use your cryptocurrency. It keeps your private keys secure and enables you to interact with various blockchain networks, including Bitcoin and Ethereum.
- When choosing a cryptocurrency wallet, consider factors such as security, ease of use, and cryptocurrencies supported. Also determine whether you prefer a hardware or software wallets. Research reviews and compare features to find the best option for your needs.
- Jordan Fish, Vasiliy Shapovalov, and Konstantin Lomashukfounded Lido and its DAO to solve the shortcomings of staking, such as illiquidity and high minimum staking requirements (e.g., Ethereum requiring at least 32.00 ETH to operate a validator).
How to secure Lido DAO with Tangem Wallet?
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Get Tangem
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Sync Tangem Wallet with our App. During the activation process, the card’s embedded chip generates a random private key, ensuring that the wallet cannot be compromised.
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Why choose Lido DAO wallet with Tangem.
Private. No registration and KYC required to use the app. We don't track your data.
Secure. Your private keys are encrypted and never leave your device. Only you have control over your funds.
Innovative Design Options. Choose from a variety of elegant designs, including unique co-branded editions and our innovative ring-form factor wallet, ensuring both style and functionality.
24/7 Online Support. Fast support for your needs. Live chat and email support for customers from all over the globe.
Other crypto assets supported in Tangem Wallet.
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