Lido DAO is a digital asset staking platform that helps to lower the Ethereum 2.0 entry barrier. The protocol allows you to deposit coins into a staking contract and receive in return an equal amount of "derivative" tokens that provide liquidity to the invested assets. Thus, the user can continue using cryptocurrencies blocked in the staking contract for financial transactions. For example, to deposit them into liquidity pools.

LDO news today, Lido DAO crypto latest news of token ticker

Lido DAO

stETH (Lido Staked ETH) is an ERC—20 standard token built on the Ethereum network. Lido Finance is a platform for liquid cryptocurrency staking, that is, for depositing coins into a staking contract and receiving "derivative" tokens that provide liquidity of invested assets.

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Lido Staked ETH

New Quests⚔️ w/ @LidoFinance🐬

Phi🏝@phi_xyz × Lido⛱@LidoFinance

Ready to dive further into the DeFi world? Try our new quests w/ @LidoFinance, a well-known liquid staking protocol on Ethereum! Stake $ETH to claim cute objects! It's a good chance to experience token staking!

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New Lido quests are live thanks to Phi 🏝

Stake ETH with Lido to claim a number of cool collectibles 💎
1. Lido House: 0.1 ETH on Lido
2. Billboard Lido: 1 ETH on Lido
3. Lido Server: 5 ETH on Lido
4. Lido Plant: 10 ETH on Lido

More info: https://twitter.com/phi_xyz/status/1604778606663647233

New Lido quests are live thanks to Phi. Stake ETH with Lido to claim a number of cool collectibles. Lido House: 0.