Details about Liquid Staking Dot cryptocurrency
Liquid Staking Dot
LDOT
Unknown for now
€61,107
9.353
Unknown
https://acala.network/
@AcalaNetwork
Liquid Staking Dot price charts
LDOT exchanges
Liquid Staking Dot, the crypto
Liquid Staking Dot (LDOT) is a cryptocurrency token built on the Polkadot network. LDOT is a liquid staking derivative that allows users to stake their DOT tokens and receive LDOT in exchange. This allows users to use their staked DOT tokens for other purposes, while still earning staking rewards.
The point
The main point of Liquid Staking Dot (LDOT) is to provide users with liquidity and flexibility when staking their DOT tokens. By allowing users to receive LDOT in exchange for staked DOT, LDOT makes it possible for users to use their staked tokens for other purposes, such as trading or borrowing, while still earning staking rewards.
The problem
Liquid Staking Dot (LDOT) tries to solve the problem of illiquidity associated with staking. Traditional staking locks up a user's tokens, making them unavailable for other purposes. This lack of liquidity can be a hindrance for users who need to access their tokens for other reasons. LDOT solves this problem by providing a liquid staking derivative that can be traded or used for borrowing, while still earning staking rewards.
Compare LDOT and BTC performance
| Timeframe | LDOT | BTC |
|---|---|---|
| 1h change | 0.852186 % | -0.234911 % |
| 24h change | 0.97 % | 1.25967 % |
| 7 day change | 2.3 % | -1.44157 % |
| 14 day change | -15.71 % | -9.47799 % |
| 30 day change | -26.78 % | -7.33786 % |
| 200 day change | 94.8 % | 129.168 % |
| Year change | 90.31 % | 129.33 % |