From today, a new crypto is available on Young Platform: find out all about the listing of Lido DAO (LDO)!
Now you can finally buy, sell and store Lido DAO (LDO) on Young Platform. Check out the main features of this DeFi project and its crypto, to find out if it’s right for you!
Lido DAO: all you need to know
Lido is among the leading projects in the DeFi landscape today, as the most widely used liquid staking protocol for Ethereum.
In a nutshell, thanks to Lido, it is possible to stake ETH or MATICs and receive tokens in return that can be used on the most popular DeFi services, including DEXs and Yield Farming platforms.
LDO, on the other hand, is the governance token: it means that whoever owns it can vote in the decisions that govern the operation of the protocol. At the time of writing, the token ranks 35th by market capitalisation.
Also thanks to its token, Lido DAO is a particularly decentralised service, being governed precisely by a DAO. The latter is a decentralised autonomous organisation, which enables the management of a project in an automated and participative manner.
The project stems from the desire to solve the limitations of ETH staking, which were particularly acute during the run-up to the Merge between 2020 and 2022. Specifically, by some developers and personalities from the Ethereum community such as Stani Kulechov and Jordan Fish (@cobie on Twitter).
The 3 investment rounds that enabled the development of the project were led by Paradigm and a16z. Not only that, the protocol was verified through technical audits by no less than 14 bodies.
Curious to learn more? Dive deep into Lido DAO with Academy!
How to use LDO on Young Platform
Here are all the features available for Lido DAO (LDO) on Young Platform and Young Platform Pro:
- Buying and selling with EUR
- Recurring purchase
- Depositing from another wallet or sending via the Ethereum network
- Creating a Single Coin Moneybox or Curated Bundle
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