What is Lido LDO ? #henryzhang #lido #ldo

👉 Free Trading Signals: 👉 Join Crypto Community: 👉 Free Trading Signals: What Is Lido? Lido is a liquid staking solution for Ethereum. Lido lets users stake their ETH - with no minimum deposits or maintaining of infrastructure - whilst participating in on-chain activities, e.g. lending, to compound returns. LDO is the native utility token that is used for: Granting governance rights in the Lido DAO. Managing fee parameters and distribution. Governing the addition and removal of Lido node operators. How Many LDO Coins Are There in Circulation? At the time of writing, 0.9% of the total LDO supply is in circulation. Lido launched its staking app on December 19, 2020, with 1 billion LDO tokens created at genesis. At the time of writing, founding members of the Lido DAO possess 64% of LDO tokens. These are locked for 1 year, after which they w