Project (DeFi) | What is Lido DAO?

Lido DAO is a decentralized protocol that emerged as a new step in the Ethereum community's efforts towards decentralization. Lido offers solutions for users who want to earn passive income through staking. Lido DAO is a decentralized protocol created in March 2020 with contributions from many developers and participants. The management of the protocol is carried out through the votes of LDO token holders. To stake in Ethereum 2.0, users need to have 32 ETH or more. Requiring 32 ETH to stake prevents many users from staking, as this amount requires a high investment for many users. Lido DAO was developed to solve this problem. Users can earn passive income by staking through Lido DAO without needing 32 ETH or more ETH.