Lido (LDO) is a decentralized finance (DeFi) protocol that provides liquid staking services for Ethereum 2.0, allowing ETH holders to stake their tokens and receive liquid staking derivatives in return.
Lido DAO is a decentralized autonomous organization (DAO) focused on providing liquid staking solutions for various proof-of-stake (PoS) cryptocurrencies.
Lido DAO allows users to stake their tokens on supported PoS blockchains, such as Ethereum 2.0, without needing to run their own node. This process involves users depositing their tokens into the Lido protocol, which then pools these tokens together and stakes them on behalf of users. In return, users receive staked tokens (e.g., stETH for Ethereum 2.0) that represent their stake in the network, including the potential to earn staking rewards.
Lido DAO is governed by LDO (Lido DAO Token) holders, who participate in decision-making processes such as protocol upgrades, fee adjustments, and the addition of new supported assets. LDO tokens can also be staked in the Lido DAO governance to earn rewards and participate in shaping the future direction of the protocol. This structure ensures decentralized governance and incentivizes active participation in securing and growing the Lido network.