What is thena? Discover the outstanding features of Thena and THE . token
Ngoài PancakeSwap, hệ sinh thái BNB Chain còn có một AMM khác có TVL đạt 150 triệu USD chỉ sau hai tháng ra mắt, dự án này được gọi là Thena.
What is Lido Finance? All information about Lido Finance and LDO . token
- Lido Finance overview
- What is Lido Finance?
- Highlights of Lido Finance
- How Lido Finance works
- Lido Knife
- Products of Lido Finance
- Lido Finance Ecosystem
- The developer team, the investor of the Lido Finance project
- Lido Finance's development roadmap
- Overview of the LDO . token
- What is LDO Token?
- LDO . token allocation
- Functions of the LDO . token
- Where can LDO tokens be bought and sold?
- The future of Lido Finance and should I invest in LDO tokens?
- summary
Lido Finance overview
What is Lido Finance?
Lido Finance is a platform that allows staking users to provide liquidity for Ethereum and other Proof of Stake blockchain projects. Built on Ethereum 2.0's Beacon Chain, Lido Finance allows their users to earn staking rewards on the Beacon Chain without the need for an ETH lock.
Lido Finance users will receive daily rewards in the form of staking valuable derivative tokens pegged to the underlying assets in a 1:1 ratio. That is, when users stake ETH, they will receive stETH. The smart contract will then stake tokens with node operators selected by the Lido Finance DAO.
User staking funds will be pooled into DAO's escrow account. This will ensure that node operators do not have direct access to user assets.
Additionally, stETHs can be reinvested on stETH-enabled DApps. Some DApps that support stETH rollover are: Curve, MakerDAO, Aave, Anchor Protocol, Balancer, Zapper…
Highlights of Lido Finance
After the Ethereum 2.0 Beacon Chain went live, there were a few challenges with staking on the Ethereum blockchain. Specifically, users can only stake multiples of 32 ETH and require more technical expertise in staking. Besides, once a user has staked ETH, it means that the user's assets are completely locked and cannot be reinvested in other protocols.
Lido Finance solves these problems by providing an unattended staking service. When users stake ETH, they will receive stETH – the encrypted version of the staked ETH. Users can use stETH to invest on other protocols that support stETH.
Initially, Lido Finance only focused on Ethereum, but now the project has been expanding to other blockchains. In the past 2021, Lido officially supported staking on Terra and Solana. Similar to Ethereum, those who stake Terra's LUNA asset or Solana's SOL asset will receive a derivative token (bLUNA or stSOL). Most recently, Lido Finance has supported staking on the Kusama network .
How Lido Finance works
Lido builds a modern staking liquidity protocol to develop a staking model that supports DeFi. Specifically, the project allows users to stake their assets for daily rewards. At the same time, users will receive additional derivative tokens whose value is pegged to the underlying assets in a 1:1 ratio during the staking process. These tokens can be used to invest on decentralized financial applications to increase profits for investors, as well as contribute to the development of DeFi.
Lido Knife
Lido DAO is a decentralized autonomous organization responsible for managing the Lido Finance platform. Lido Finance's governance token holders have the right to propose and vote in the Lido DAO to make a decision to change key parameters such as: Platform usage fees, node operators...
In addition, the DAO will accumulate service fees for premium payment, as well as financial support for protocol development and upgrades. In addition, the Lido DAO controls the withdrawal credentials through the WithdrawalsManagerStub contract.
Products of Lido Finance
Ethereum Staking App
When staking with Lido, users will receive stETH tokens representing the staked ETH. This token can be used to earn profits and rewards on decentralized financial applications that support stETH.
As such, Lido Finance has solved a number of issues related to staking ETH 2.0, allowing staked ETH to become liquid and investable on decentralized financial applications.
The percentage of rewards received by the user may vary based on the total amount of ETH staked. If the total amount of ETH staked is low, then the percentage of rewards the user receives will be higher. Investors can refer to the table below to understand the annual reward ratio.
In addition, Lido Finance will apply a 10% fee on staking rewards to be distributed among node operators, DAOs, and insurance funds. This fee can be changed by the administrative members in the Lido DAO through voting.
Lido Finance Ecosystem
The Lido Finance ecosystem will be divided into 3 categories based on features as follows:
DApps that support users to receive stETH
When users stake ETH across protocols, the platform will receive stETH in return for the amount of ETH they staked. In addition, they receive additional fees from the protocol or platform they stake.
DApps that support the use of stETH
Users can use stETH as a regular crypto asset to invest on these DApps. Example: Investors can use stETH as collateral on lending protocols like Aave to borrow other assets.
DApps that support stETH . storage
Users can store stETH like a regular crypto asset on these DApps. Additionally, they can transfer stETH back and forth between different wallets, protocols, or platforms.
LEGO – Lido Ecosystem Grants Organization
The Lido Ecosystem Sponsor Organization (LEGO) will provide valuable resources (including incentives, bonuses, infrastructure, etc.) to those who contribute to the development of Lido Finance and the system. its ecology.
LEGO acts as a catalyst for the growth and retention of Lido Finance. It also makes Lido Finance the leading and most useful liquidity staking protocol in the entire DeFi space.
The developer team, the investor of the Lido Finance project
Development team
The project is led by members of the P2P Validator team, including CTO Vasiliy Shapovalov and CEO Jordan Fish.
Other members participating in Lido DAO include Semantic VC, ParaFi Capital, Libertus Capital, Terra, Bitscale Capital, StakeFish, StakingFacilities, Chorus, KR1.
Other key angel investors include Aave's Stani Kulechov, Deversifi's Will Harbourne, Stake Capital's Julien Bouteloup and Synthetix's Kain Warwick.
Investors
Lido has raised US$142 million after 3 rounds of fundraising, with the participation of many large investment funds such as a16z, Alameda Research, Jump Trading, Digital Currency Group, Paradigm, Three Arrows Capital, Coinbase Ventures...
Partner
The project is currently integrating with many partners and expanding to many different blockchain platforms such as Terra, Solana, Kusama and soon Polygon.
Current partners such as Curve, Aave, MakerDAO, Ledger...
Lido Finance's development roadmap
Currently, Lido has not announced the development roadmap of the project. TraderH4 team will update as soon as there is information from Lido.
Overview of the LDO . token
What is LDO Token?
LDO is the original token of the Lido project, some information that investors need to know about this token is as follows:
- Ticker: LDO
- Blockchain Network: Ethereum (ERC20)
- Total Supply: 1,000,000,000 LDO
- Circulating Supply: 103,760,882 LDO
- Market Cap: 214,459,383 USD
LDO . token allocation
- DAO Treasury: 36.32%
- Investors: 22.18%
- Initial Developers: 20%
- Founders & Future Employees: 15%
- Validators & Withdrawal Key Signers: 6.5%
Functions of the LDO . token
LDO has several functions as follows:
- Grant administrative rights in Lido DAO
- Parameter management and cost distribution
- Manage the addition and removal of nodes on Lido
Where can LDO tokens be bought and sold?
Currently, LDO tokens are listed on exchanges such as SushiSwap, Uniswap (V2), Bybit, Gate.io, MEXC...
The future of Lido Finance and should I invest in LDO tokens?
Lido is a staking solution built to solve the liquidity problems at the early stages of Ethereum 2.0 development. Besides, Lido is also supported by some of the leading staking providers in the industry.
When using Lido to stake ETH on the Ethereum 2.0 Beacon Chain, users will receive stETH 1:1 to their staked ETH – the asset that represents their ETH on the Beacon Chain. It effectively acts as a bridge bringing ETH 2.0 staking rewards to ETH 1.0. This makes the staked ETH liquid and can be used to participate in investment forms on Lido-enabled DApps, such as lending. This provides users with the opportunity to double profit from providing liquidity on Lido and use stETH to generate profits on other DeFi protocols. At the same time, it also helps create a more secure Ethereum network.
If investors are interested in the Lido project, they can find more information about the project through the official social media channels below:
Website | Twitter | Telegram | Discord | Github
summary
Thus, the TraderH4 team has just brought to readers all information about the Lido Finance project and the LDO token. In general, the idea of the project is quite good when it helps to solve the problem of generating profits from staked assets, helping investors earn double profits.
On the other hand, Lido is a project that has just been launched for more than 1 year, but Lido has proven its attraction to investors through impressive numbers such as: Total value of staked assets reached more than 14.7 billion US dollars, the total number of stakers has reached more than 84 thousand people.
With the above information, hopefully readers have had an overview of the Lido project and can make the right investment decision for themselves.
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