What is LDO?

Modified on Mon, 06 Feb 2023 at 01:05 PM

Lido Finance is a Liquid Staking Platform that is known as a new solution to empowering traditional staking. The platform has two tokens: stETH (Staked Ethereum), which is derived from ETH staking, and LDO, which is a Native Token that is used to control Lido DAO.

Lido is recognized as the largest platform for ETH token stakes.

As of October 18, 2022, data from the Lido Finance platform shows that there are 4,443,967 ETH staked coins, which are worth about $5,890,436,069 USD. The distribution of returns is set at about 4% per year, which means that $202,345,349 will be given out.


Learn more at Bitkub Blog

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