Polygon Ecosystem, Infrastructure, Arbitrum Ecosystem, Decentralized Finance (DeFi), Ethereum Ecosystem, Liquid Staking Governance Tokens, Optimism Ecosystem
About Lido DAO
Lido DAO is a decentralized autonomous organization (DAO) built on the Ethereum blockchain.
It is designed to provide liquidity to the DeFi ecosystem by providing staking rewards for users who stake their ETH and other ERC-20 tokens in the Lido DAO pool. The Lido DAO is a governance token that allows users to vote on proposals and decisions that affect the pool. The Lido DAO also provides a yield farming platform where users can earn rewards for providing liquidity to various DeFi protocols.
The rewards are distributed in the form of LDO tokens, which can be used to purchase additional staking rewards or exchanged for other cryptocurrencies. The Lido DAO also provides an interface for users to manage their staked assets, track their rewards, and view real-time market data.