Question 1

What is Lido DAO?

Accepted Answer

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.

Question 2

What is Lido DAO used for?

Accepted Answer

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.

Question 3

What is the LDO token?

Accepted Answer

The LDO token serves as the governance token for Lido DAO. Holders of LDO can vote on protocol parameters and govern the Lido DAO treasury. The voting weight of LDO is proportional to the amount of LDO a holder possesses. More LDO equates to greater decision-making power. Apart from governance, LDO can also be staked to earn a portion of protocol fees.

Question 4

What makes Lido DAO unique?

Accepted Answer

Lido DAO stands as a logical compromise between full centralization and decentralization, enabling the deployment of competitive products without full centralization and custody on the exchanges. The DAO structure allows for community-focused, socially-conscious decision-making and covers the costs of developing and upgrading the protocol from the DAO token treasury. Furthermore, Lido DAO employs an efficient mechanism, Easy Track, to assist with routine and uncontentious governance proposals. This mechanism emphasizes flexibility and scalability without compromising safety.

Question 5

Who created Lido DAO?

Accepted Answer

Lido DAO was co-founded by Jordan Fish and Konstantin Lomashuk. The project operates as an Aragon organization.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	LDO-USDT LDOUSDT	binance	AA	0.4409USDT	2.06%	10,283,930.45LDO	46,372	0.4320USDT	0.4501USDT
2	LDO-USDT LDOUSDT_SPBL	bitget	BB	0.4407USDT	1.99%	8,559,858.86LDO	17,439	0.4321USDT	0.4499USDT
3	LDO-USDT LDO-USDT	okex	A	0.4410USDT	2.15%	2,628,598.20LDO	16,722	0.4317USDT	0.4501USDT
4	LDO-USDT LDO_USDT	whitebit	BB	0.4408USDT	2.01%	2,427,207.58LDO	21,297	0.4321USDT	0.4502USDT
5	LDO-USDT LDOUSDT	bybit	A	0.4412USDT	2.18%	2,290,307.37LDO	13,233	0.4318USDT	0.4502USDT
6	LDO-TRY LDOTRY	binance	AA	21.63TRY	1.74%	972,068.97LDO	1,552	21.26TRY	22.10TRY
7	LDO-USD LDOUSD	kraken	AA	0.4400USD	2.09%	830,385.66LDO	1,418	0.4310USD	0.4500USD
8	LDO-USD LDO-USD	coinbase	AA	0.4397USD	2.05%	830,413.23LDO	1,703	0.4309USD	0.4491USD
9	LDO-USDC LDOUSDC	binance	AA	0.4399USDC	1.83%	406,696.12LDO	1,180	0.4320USDC	0.4495USDC
10	LDO-USD ldousd	bitstamp	AA	0.4398USD	2.02%	351,811.00LDO	432	0.4311USD	0.4491USD
11	LDO-USDC LDO_USDC	whitebit	BB	0.4388USDC	1.50%	350,527.63LDO	1,637	0.4323USDC	0.4500USDC
12	LDO-USDT LDO_USDT	gateio	A	0.4400USDT	1.95%	297,799.46LDO	1,581	0.4316USDT	0.4498USDT
13	LDO-USDT LDO-USDT	kucoin	BB	0.4405USDT	1.99%	252,585.71LDO	1,564	0.4319USDT	0.4497USDT
14	LDO-EUR LDOEUR	kraken	AA	0.3920EUR	1.82%	222,176.45LDO	297	0.3850EUR	0.4020EUR
15	LDO-USD LDO_USD	cryptodotcom	AA	0.4393USD	1.85%	165,123.10LDO	7,036	0.4313USD	0.4687USD
16	LDO-BTC LDO_BTC	whitebit	BB	0.0₅5270BTC	1.15%	153,539.82LDO	187	0.0₅5210BTC	0.0₅5380BTC
17	LDO-EUR LDO_EUR	whitebit	BB	0.3931EUR	1.92%	133,164.50LDO	796	0.3857EUR	0.4019EUR
18	LDO-USDC LDO_USDC	gateio	A	0.4395USDC	1.76%	88,314.70LDO	276	0.4319USDC	0.4501USDC
19	LDO-EUR ldoeur	bitstamp	AA	0.3923EUR	1.92%	72,742.51LDO	81	0.3849EUR	0.4005EUR
20	LDO-USDC LDO-USDC	okex	A	0.4403USDC	1.80%	50,560.63LDO	423	0.4325USDC	0.4498USDC
21	LDO-USDT LDO_USDT	cryptodotcom	AA	0.4407USDT	2.08%	48,759.70LDO	7,231	0.4317USDT	0.4500USDT
22	LDO-USDC LDOUSDC	bybit	A	0.4366USDC	0.81%	20,925.61LDO	124	0.4331USDC	0.4465USDC
23	LDO-FDUSD LDOFDUSD	binance	AA	0.4385FDUSD	1.74%	19,769.43LDO	143	0.4310FDUSD	0.4499FDUSD
24	LDO-USDC LDO-USDC	kucoin	BB	0.4372USDC	1.39%	1,899.04LDO	56	0.4312USDC	0.4476USDC
25	LDO-EUR LDO-EUR	okex	A	0.3922EUR	1.50%	1,173.99LDO	329	0.3864EUR	0.4019EUR
26	LDO-USD LDOUSD	cexio	BB	0.4427USD	2.38%	133.71LDO	3	0.4324USD	0.4427USD
27	LDO-EUR LDOEUR	cexio	BB	0.3824EUR	-1.45%	61.90LDO	1	0.3880EUR	0.3880EUR
28	LDO-USDT LDOUSDT	cexio	BB	0.4343USDT	-0.24%	58.64LDO	1	0.4354USDT	0.4354USDT
29	LDO-USDC LDOUSDC	cexio	BB	0.4346USDC	0.15%	58.64LDO	1	0.4340USDC	0.4346USDC
30	LDO-USDT LDOUSDT	toobit	C	0.4409USDT	2.08%	3,768,004.94LDO	14,477	0.4319USDT	0.4501USDT
31	LDO-USDT LDO_USDT	p2pb2b	D	0.4397USDT	1.78%	3,533,593.79LDO	23,450	0.4320USDT	0.4501USDT
32	LDO-USDT ldo_usdt	lbank	C	0.4397USDT	1.81%	3,457,506.26LDO	14,168	0.4319USDT	0.4500USDT
33	LDO-USDT LDO_USDT	poloniex	C	0.4390USDT	1.86%	2,695,518.40LDO	36,891	0.4310USDT	0.4500USDT
34	LDO-USDT sLDOUSDT	phemex	C	0.4403USDT	1.76%	1,783,433.84LDO	6,918	0.4327USDT	0.4507USDT
35	LDO-USDT LDOUSDT	bitrue	D	0.4400USDT	2.09%	1,344,620.63LDO	17,890	0.4310USDT	0.4500USDT
36	LDO-USDT ldousdt	huobipro	C	0.4411USDT	2.18%	1,254,737.48LDO	9,527	0.4317USDT	0.4494USDT
37	LDO-USDT LDO-USDT	bingx	D	0.4405USDT	1.92%	770,588.99LDO	31,746	0.4322USDT	0.4501USDT
38	LDO-USDT LDOUSDT	mexc	C	0.4400USDT	1.85%	690,704.23LDO	4,562	0.4320USDT	0.4501USDT
39	LDO-USDT ldo_usdt	xtpub	-	0.4397USDT	1.78%	616,897.66LDO	7,872	0.4320USDT	0.4501USDT
40	LDO-USDT LDO_USDT	bitunix	C	0.4408USDT	2.06%	484,971.76LDO	11,708	0.4319USDT	0.4500USDT
41	LDO-USDT ldo_usdt	digifinex	D	0.4410USDT	2.13%	416,963.45LDO	4,334	0.4318USDT	0.4500USDT
42	LDO-USDC LDOUSDC	bitrue	D	0.4420USDC	2.55%	405,719.66LDO	36,386	0.4310USDC	0.4510USDC
43	LDO-USDT LDO-USDT	bigone	-	0.4820USDT	0.42%	358,557.14LDO	5,434	0.4800USDT	0.4820USDT
44	LDO-EUR LDO-EUR	bitvavo	B	0.3946EUR	2.53%	298,793.43LDO	316	0.3849EUR	0.4010EUR
45	LDO-EUR LDOEUR	bit2me	B	0.3920EUR	1.82%	222,176.45LDO	297	0.3850EUR	0.4020EUR
46	LDO-TRY LDOTRY	btcturk	E	21.71TRY	2.36%	204,209.72LDO	251	21.21TRY	22.07TRY
47	LDO-USDC LDOUSDC	mexc	C	0.4405USDC	2.01%	114,063.73LDO	2,963	0.4318USDC	0.4497USDC
48	LDO-KRW LDO_KRW	bithumbkorea	-	587.00KRW	0.69%	87,190.83LDO	198	583.00KRW	604.00KRW
49	LDO-USDT LDOUSDT	latoken	D	0.4399USDT	1.90%	78,018.93LDO	2,370	0.4317USDT	0.4498USDT
50	LDO-USDT LDOUSDT	btcturk	E	0.4400USDT	2.56%	70,775.93LDO	68	0.4290USDT	0.4480USDT