Lido is a liquid staking solution for Ethereum and one of today’s biggest gainers. Recently, it became possible to stake Kusama with Lido and earn daily staking rewards in KSM.
This allows users to benefit from the opportunities available across the Kusama DeFi ecosystem. Look no farther than this short article for the details on Lido DAO Token, what it is, is it worth buying, and the places to buy Lido DAO Token today.
Top places to buy Lido DAO Token now
As LDO is such a new asset, it's yet to be listed on major exchanges. You can still purchase LDO using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy LDO right now, follow these steps:
1. Buy ETH on a regulated exchange or broker, like eToro ›
We suggest eToro because it's one of the world's leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It's also beginner-friendly, and has more payment methods available to users than any other available service.
2. Send your ETH to a compatible wallet like Trust Wallet or MetaMask
You'll need to create your wallet, grab your address, and send your coins there.
3. Connect your wallet to the 1Inch DEX
Head to 1Inch, and 'connect' your wallet to it.
4. You can now swap your ETH for LDO
Now that you're connected, you'll be able to swap for 100s of coins including LDO.
What is Lido DAO Token?
Lido lets users stake ETH without minimum deposits or infrastructure maintenance while taking part in lending and other activities to compound returns.
The native utility token is used for managing fee parameters and distribution, granting governance rights in the Lido DAO, and regulating the addition and removal of Lido node operators.
Lido launched its staking app on December 19, 2020 with 1 billion LDO tokens initially created.
At the time, approx. 36% of tokens were allocated to the Treasury, 22% to investors, 7% to validators and signature holders, 15% to founders and future staff, and 20% to initial Lido developers.
Among the members of the DAO are Libertus Capital, Terra, Semantic VC, ParaFi Capital, Bitscale Capital, StakeFish, P2P Capital, StakingFacilities, Chorus, and KR1.
Among the angel investors were Stani Kulechov of Aave, Will Harborne of Deversifi, Banteg of Yearn, and Kain Warwick of Synthetix.
Should I buy Lido DAO Token today?
Considering how hard it is to come up with an accurate cryptocurrency prediction, you should never take any decisions affecting your finances before an in-depth market analysis. Don’t invest more than you can afford to lose.
Lido DAO Token price prediction
Tech News Leader makes a positive prediction on Lido. They forecast it will go up to $2.70 in one year, up from its current price of $1.58. It will be worth $8.71 in five years and $54.25 in a decade.
Lido DAO Token on social media
— coinforecast.org (@CoinforecastOrg) February 22, 2022