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This video answers the questions: What is Lido DAO? What is Lido DAO LDO token? How does the Lido Liquid Staking Platform work? How does the Governance of the Lido DAO platform work? - Lido DAO LDO Cryptocurrency Liquid Staking Platform will be explained.
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Timestamps:
0:00 Introduction
0:30 What is Lido?
1:18 How Does the Lido DAO Platform Work?
2:26 What is Lido DAO (LDO) token?
3:01 Pros and Cons of the Lido DAO platform?
4:30 Video end
Lido DAO (LDO) is a proof-of-stake (POS) blockchain liquid staking solution that unites node operator partners running the underlying validator infrastructure on the Terra, Solana, and Ethereum blockchains. The initiative commenced in December 2020 when Ethereum 2.0 (“beacon chain”), Ethereum’s POS chain, initially entered Phase 0 and only permitted users to invest on Ethereum 2.0 in multiples of 32 ETH. Ethereum (ETH) cannot be bridged back to the original Ethereum (also known as "Ethereum 1.0") after it is staked to the beacon chain.
For instance, Lido maintains liquidity and lowers the 32 ETH threshold to any amount while offering users the opportunity to earn staking rewards on Ethereum 2.0 by issuing stETH in return for ETH deposits. Users will be able to "unstake" their stETH for the equivalent amount of ETH2 on the beacon chain upon its launch. Essentially, users can receive staking rewards while keeping their liquidity when holding any Lido st-asset. Lido DAO supports Ethereum 2.0, Solana, and Terra as of February 2022, and it will soon support additional POS blockchains.
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