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Lido DAO (LDO) is the 41st largest cryptocurrency in the world by market cap, valued at $2,179,000,000. The current price of Lido DAO is $2.179, which is -4.639% lower than yesterday. Prices have ranged between $2.51 and $2.28 over the past 24 hours. All prices are listed in US dollars and accurate as of February 03, 2023 09:02 UTC.
Lido is a DeFi platform that allows users to earn staking rewards on ETH without losing access to the value of the staked Ether. At the moment, if you commit your ETH to Ethereum 2.0 for staking, you won't be able to access it for 18 months.
With Lido, if you deposit ETH into Lido, you will receive stETH in return (tokens representing staked Ethereum) and earn staking rewards while being able to use the stETH in various other DeFi protocols. LDO tokens are the native token of Lido and give holders governance rights in the Lido DAO. As an LDO token holder, you can decide on Lido's key features such as fees and execution of Lido upgrades.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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