24H Volume $50.29B +41.14%
MarketCap $1.18T +1.31%
Lido has been built as a DAO, aiming to preserve Lido’s upgradability and stability while maintaining decentralized infrastructure. The Lido DAO governs a set of liquid staking protocols, deciding on Lido’s key parameters whilst spearheading Lido network upgrades. Members of the Lido DAO have the responsibility to govern Lido to maintain its ongoing efficiency and contribute to the overall growth of the Lido community.
In addition to this, Lido’s design as a DAO will allow for the accumulation of service fees which can be managed and distributed transparently to cover development and insurance costs in a manner aligned with community interests.
In general, Lido DAO has the following responsibilities:
The $LDO token governs all Lido DAO governance and network decisions.
To have a vote in the Lido DAO, and to contribute to the determination of any of the topics outlined above, one must hold the Lido DAO Token. Holding $LDO gives DAO members a vote in the future of Lido, allowing each DAO member to have a personal say in the community.
$LDO voting weight is proportional to the amount of $LDO a voter stakes in the voting contract. The more $LDO in a user’s voting contract, the greater the decision-making power the voter gets. The exact mechanism of $LDO voting can be upgraded just like the other DAO applications.
Around 64% of the $LDO tokens are possessed by the founding members of Lido. These tokens are locked for 1 year, after which they will be vested over 1 year. 36% of $LDO are unlocked in the DAO treasury. Anyone can make a proposal on how they can be used.