Lido is a liquid staking solution for PoS blockchains such as Ethereum (after The Merge), Solana (SOL), Polkadot (DOT), and Polygon (MATIC). Traditionally staked assets used in proof-of-stake blockchains are locked for a period of time, and users cannot use them for anything else, even staking. Lido crypto solves this, as it issues 1:1 tokenized versions of staked assets, which can then be used to earn additional yield from other protocols while still receiving rewards from staking on the coins deposited on Lido.
Lido DAO coin is LDO, an ERC-20 token used for governance and native utility. It is also used to reward users on the network.
How To Buy Lido DAO or Add it to your Strategy
The fastest, most convenient way to purchase Lido DAO is to purchase it on ICONOMI. We check Lido DAO live prices on 10+ crypto exchanges and buy it at the best market price.
You can buy Lido DAO by adding it to your private Crypto Strategy (crypto portfolio). You can also use our recurring buy feature that tends to level out cryptocurrency price volatility effects. You can find out more about how to benefit from smaller investments at regular intervals on our blog article.
We recommend you do your own research and cryptocurrency analysis. Experienced crypto traders use fundamental and technical analysis to evaluate if Lido DAO is a good buy/sell. Fundamental and technical analyses are the two most common types of analysis used in trading traditional assets (e.g. stocks and bonds).
If you are unfamiliar with analyzing cryptocurrency prices and want to buy Lido DAO, we recommend you read the next section, as copying might be a better approach.
Add Lido DAO to your portfolio by copying a Strategy
If you are not skilled at these, consider a different approach to investing in cryptocurrencies. You can learn from and copy seasoned crypto traders on ICONOMI who regularly share their insights and manage their public Crypto Strategies. Go to the strategies page and use the “ticker” filter to find out which public Crypto Strategies have Lido DAO in their structure.