We are happy to announce the listing of LDO Token. Starting on Tuesday, 8th October, 2024 at 10 AM CET. LCX Exchange will support the LDO token. Deposits will start on – Tuesday, 8th October, 2024 at 10 AM CET. The trading pair LDO / EUR will be listed.
What Is Lido DAO (LDO)?
Lido DAO is a decentralized autonomous organization (DAO) which provides staking infrastructure for multiple blockchain networks.
Most notably, the platform provides a liquid staking solution for Ethereum, allowing users to stake their ETH and receive stETH (Lido staked ETH) tokens in exchange, which represent the user’s staked ETH and staking rewards.
Lido DAO is secured by a mix of decentralized governance, audited code and smart contracts. The Lido protocol runs on Ethereum with help from smart contracts that process user deposits and distribute staking rewards, among other functions. Several third-party security firms have audited Lido’s smart contracts in order to identify and address potential vulnerabilities.
The platform’s native token is LDO – which also serves as the governance token for Lido DAO. Holders can participate in governance proposals and vote on key decisions such as board adjustments, new integrations and platform updates. LDO holders have the right to determine the development and operation of the platform.
Lido currently supports staking for Ethereum and Polygon only with the recent sunsetting of Solana.
What is LDO?
LDO is the governance token of Lido, a liquid staking protocol. Lido supports liquid staking on multiple blockchain networks including Ethereum and Solana. LDO tokens are used to govern the Lido DAO, which oversees Lido’s development.
Users can sign up for an LCX Account here
Start Trading $LDO
Launch LCX ExchangeDeposits: Deposits open on Tuesday, 8th October, 2024 at 10 AM CET
Pair Listing Details:
LDO /EUR starting on Wednesday, 9th October, 2024 at 10 AM CET
How to deposit LDO?
Go to LCX Accounts > Wallet
Scroll down to $LDO
Click on the “Deposit” tab next to $LDO .
Your deposit address will be displayed on the screen.
Send $LDO to this address.
This content is provided for informational purposes only and does not constitute financial, legal, or investment advice. The buying, selling, and trading of cryptocurrencies and digital assets involve significant risk and may result in the loss of your entire investment. Always conduct your research and consult a qualified advisor before making financial decisions. LCX is a regulated entity operating in accordance with the Liechtenstein Blockchain Act. It has approvals for roles including token generator, token issuer, and exchange service provider. LCX provides technology and compliance infrastructure for digital asset services.
