Lido DAO (LDO) was launched in 2020 to fix one of the issues that come with staking on Ethereum.
At the time, Ethereum was working on the 'Merge', to migrate from Proof-of-Work to Proof-of-Stake.
There were a few issues. First, you needed to lock at least 32 ETH in the protocol. Second, staked ETHs couldn't be unstaked.
LDO aimed to fix that.
Staking became liquid, you can convert it, use, unstake it. And it allows you to stake an amount of ETH that's smaller than 32 ETH.
Initially, Lido allowed liquid staking for ETH, MATIC, DOT, KSM, SOL and LUNA.
Several of those were removed by community vote.
LDO has a value of $2.72 per coin at the time of writing.
The total supply is one billion LDO, 89 percent of which are in circulation.
Not too far from its ATH of around $6.16 but also not too far from its all-time low of $0.45.
is tradable in all the major CEXs, including Binance, OKX and Coinbase.
