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Lido is described as a liquid staking solution for Ethereum 
$2,558. It is a DAO that provides a liquid staking service for Ethereum 2.0, enabling users to earn staking rewards without having to maintain staking infrastructure.
What is Lido DAO (LDO)?
LDO is defined as the native utility token used in the following scenarios:
- Granting governance rights within Lido DAO.
- Managing fee parameters and distribution.
- Managing the addition and removal of Lido node operators.
Members of the Lido DAO include Semantic VC, ParaFi Capital, Libertus Capital, Terra, Bitscale Capital, StakeFish, StakingFacilities, Chorus, P2P Capital, and KR1. Lido has also attracted a number of prominent angel investors, such as Stani Kulechov from Aave, Banteg from Yearn, Will Harborne from Deversifi, Julien Bouteloup from Stake Capital, and Kain Warwick from Synthetix.
According to statements, the people and organizations behind Lido DAO are well-established in the DeFi space with a proven track record of excellence.
Meanwhile, Lido was launched to users in December 2020, just a few weeks after the release of the Ethereum 2.0 Beacon Chain. There are certain challenges to staking on the Ethereum blockchain. Users can only stake multiples of 32 ETH. Moreover, staking requires technical expertise due to operational hurdles, and the staked ETH is locked with Ethereum 2.0’s initial phase, making it unavailable for use in other protocols.
Lido aims to solve these issues by providing custodial staking services. This is different from staking services offered by exchanges. The issue of capital inefficiency is addressed by issuing stETH, a tokenized version of the staked ETH. With this token, users can continue to use staked capital in other protocols.
Lido’s primary focus was Ethereum, but it is expanding to other blockchains. In March 2021, Lido launched staking on Terra, and in September 2021, on Solana 
$177. Similar to Ethereum, Terra’s native LUNA asset and Solana’s SOL asset stakers receive a derivative token.
Where to Buy LDO Coin?
Lido DAO Coin can be securely bought and sold on Binance, the world’s largest cryptocurrency exchange by trading volume. LDO Coin is traded on Binance under the LDO/BTC, LDO/USDT, and LDO/BUSD pairs.
To buy Lido DAO, you must first register on the Binance exchange. After completing the registration, you need to transfer cryptocurrency or fiat currency to your Binance wallet. Once the transfer is completed, you can purchase LDO Coin in any of the four pairs listed above. For buying with the LDO/USDT trading pair, you should navigate to the interface for this pair. Enter the desired amount in the limit section of the LDO/USDT interface. Once the amount is specified, you can complete the purchase with the Buy LDO order.
