Lido is a liquid staking solution for Ethereum. Lido lets users stake their ETH – with no minimum deposits or maintaining of infrastructure – whilst participating in on-chain activities, e.g. lending, to compound returns.
LDO is the native utility token that is used for:
Granting governance rights in the Lido DAO.
Managing fee parameters and distribution.
Governing the addition and removal of Lido node operators.
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