What is Lido DAO Token (LDO)?
Lido (LDO) is a decentralized staking solution for Ethereum, introduced in December 2020. LDO, its governance token, allows holders to vote on decisions regarding the protocol’s development and parameters.
Lido aims to simplify the staking process for Ethereum 2.0, allowing users to earn staking rewards without locking assets or maintaining staking infrastructure. This makes participation in Ethereum’s Proof-of-Stake consensus more accessible to a broader audience. Lido’s approach addresses the barriers to entry for Ethereum staking, contributing to the network's security and decentralization while providing users with liquidity.