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.

Lido Staked ETH news today, stETH crypto latest news of token ticker

Lido Staked ETH

Proof of Stake Alliance (POSA)

Today @TeamPOSA released two white papers to provide clarity on the definition and designation of Liquid Staking Tokens (LSTs).

It’s time to take LSD off the streets 💊 https://t.co/QjN71bdrHw

Our two white papers published today provide legal research &amp; analysis of liquid staking tokens. 

They reason that LSTs for digital commodities should not be treated as securities, swaps, or taxable events, &amp; define industry principles for responsible growth.

🧵Here’s a summary

Twitter

Today @TeamPOSA released two white papers to provide clarity on the definition and designation of Liquid Staking Tokens (LSTs).

It’s time to take LSD off the streets 💊 https://t.co/QjN71bdrHw

Our two white papers published today provide legal research &amp; analysis of liquid staking tokens. 

They reason that LSTs for digital commodities should not be treated as securities, swaps, or taxable events, &amp; define industry principles for responsible growth.

🧵Here’s a summary