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Lido DAO
About Lido DAO
Lido DAO is an innovative decentralized autonomous organization that manages liquid staking on Ethereum 2.0. Its native asset, the LDO token, serves as the governance token, empowering holders to vote on key protocol parameters. The voting weight is proportional to the amount of LDO held, democratizing decision-making. Users stake ETH and receive stETH, a token that mirrors staked ETH while remaining liquid and earning staking rewards. Co-founded by Jordan Fish and Konstantin Lomashuk, Lido DAO balances centralization and decentralization, using an efficient mechanism, Easy Track, for routine governance. It reinvests service fees into research, development, liquidity mining incentives, and upgrades, fostering sustainable growth and flexibility.
Lido DAO is a decentralized autonomous organization that manages liquid staking protocols. It sets key parameters such as fees, node operators, and oracles through the voting power of its governance token, LDO. The DAO accumulates service fees which it spends on research, development, liquidity mining incentives, and protocol upgrades.
Lido DAO is primarily used for staking ETH on Ethereum 2.0 in a liquid and decentralized way. Users can deposit their ETH into Lido's smart contract and receive stETH (liquid staked ETH) in return. stETH is a 1:1 representation of staked ETH and can be freely traded, transferred, and used in other DeFi protocols while still earning staking rewards. Lido DAO is governed by its community of stakeholders who propose and vote on changes to the protocol.