Details about Lido DAO (Wormhole) cryptocurrency
€1,193
4.953
Unknown
https://wormholenetwork.com/
@wormholecrypto
Lido DAO (Wormhole) price charts
LDO exchanges
Lido DAO (Wormhole), the crypto
Lido DAO (Wormhole) (LDO) is a decentralized autonomous organization that aims to bring staked Ethereum 2.0 tokens into the decentralized finance (DeFi) ecosystem. It does this through a platform where users can deposit their staked ETH and receive the corresponding "liquid staked ETH" (stETH) in return, which can be used in DeFi applications.
The point
The main point of Lido DAO (Wormhole) (LDO) is to bridge the gap between the Ethereum 2.0 ecosystem and the DeFi ecosystem by providing a way for users to access the benefits of staked ETH without sacrificing liquidity. This enables users to earn rewards on their staked ETH while still being able to use it in other applications.
The problem
Lido DAO (Wormhole) (LDO) aims to solve the problem of low liquidity for staked ETH. Historically, staked ETH has been illiquid and difficult to use in other applications, which has discouraged some users from participating in staking. Lido DAO (Wormhole) (LDO) solves this problem by providing a way for users to access the benefits of staked ETH while still retaining its liquidity.
Compare LDO and BTC performance
| Timeframe | LDO | BTC |
|---|---|---|
| 1h change | 1.0592 % | 0.208274 % |
| 24h change | -0.26 % | 0.847492 % |
| 7 day change | 8.3 % | 1.58229 % |
| 14 day change | -20.22 % | -7.78047 % |
| 30 day change | -32.03 % | -5.95001 % |
| 200 day change | 29.81 % | 129.061 % |
| Year change | 5.13 % | 137.437 % |