Lido DAO (LDO) is a liquid staking solution for Ethereum. Lido allows users to stake their ETH assets with no minimum deposits or maintaining of infrastructure, allowing them to participate in on-chain activities such as lending and compound returns. The Lido DAO was founded shortly after Ethereum’s parallel network, the Beacon Chain, went live.
LDO is up 2.39% in the last 24 hours. Lido DAO V2 has been successfully launched. Thanks to this major upgrade, users can now unstake stETH and receive ETH at a 1:1 ratio. This development may have been instrumental in the rise of LDO.
