This write-up explains how to buy LDO with INR & LDO with USDT on KoinBX a global crypto exchange Apps (Android & iOS).
A decentralized autonomous organization that provides staking infrastructure for numerous blockchain networks is known as Lido DAO (LDO). The LDO platform, in particular, offers a liquid staking solution for the Ethereum network, allowing users to stake ETH and obtain stETH (Lido-staked ETH) tokens in exchange.
Lido DAO is safeguarded by audited code, decentralised governance, and smart contracts. The Lido protocol uses smart contracts to handle user deposits and distribute staking rewards on the Ethereum network. Several third-party security organisations have analysed Lido's smart contracts to discover and solve potential flaws.
The platform's native token is LDO, which also acts as the governance token for Lido DAO. Holders can vote on key concerns such as board regulations, new integrations, and platform improvements by participating in governance proposals. LDO holders possess the rights to the platform's development and operation.
Users may stake the token on the Lido platform to obtain ETH incentives and also use it to pay platform transaction fees. Lido allows liquid staking for the following coins: Ethereum (ETH), Solana (SOL), Polygon (MATIC), Polkadot (DOT), and Kusama (KSM). Lido is a liquid staking solution based on proof-of-stake (POS) that brings together node operator partners that handle the fundamental validator infrastructure on the Ethereum, Solana, and Terra blockchains.
What is LDO?
A Lido DAO governance token enables the staking platform's purpose of creating a trustless staking platform. It provides decentralised ownership and decision-making of the LDO autonomous structure, with authority choices made in the Lido DAO community. LDO holders can vote on a choice that will affect the LDO's future. This allows the decentralisation attribute to be maintained.
Founders:
Konstantin Lomashuk, Vasiliy Shapovalov, and Jordan Fish founded Lido DAO in December 2020, following the introduction of the Ethereum 2.0 Beacon Chain by a group of financial firms and angel investors.
Uniqueness:
By pooling staked ETH from various users, Lido intends to make staking more accessible to a wide variety of users, which opposes the requirement for any technical skill on the part of consumers. Additionally, users do not need to commit a minimum amount of ETH to operate their own validator, allowing more individuals to stake their ETH.
The Lido DAO protocol's most significant version, Lido V2, is intended to provide a highly efficient and customizable staking solution for Ethereum 2.0.
One of the primary aspects of Lido V2 is the Liquid Staking concept, which allows users to deposit ETH into the Lido pool and obtain staked ETH (stETH) tokens. These tokens may be exchanged on secondary marketplaces or utilised on “LSDFi” protocols, giving users a liquid version of staked ETH to use for various reasons.
Overall, the Lido DAO network is a strong and secure system that allows users to participate in governance and earn benefits while also protecting the network.
Security:
Smart contracts encrypt funds, making them unavailable to validators. Following that, LDO token holders vote on the Lido DAO platform to assess, choose, and onboard new node operators and punish existing node operators who breach network regulations. Lido Bug Bounty programmes are designed to prevent user funds from being lost, denial of service, governance takeovers, data breaches, and leaks.
Pros-
Decentralized:
Lido DAO is totally decentralised, which means that everybody who possesses LDO has the opportunity to vote on Lido's destiny.
Flexibility with Staking:
The platform of Lido DAO allows for the staking and withdrawal of any amount of Ethereum 2.0, Terra, or Solana (SOL). Unlike the ETH 2.0 Beacon Chain, users are not required to stake multiples of ETH.
Tokenomics:
Token Name: Lido DAO
Ticker Name: LDO
Total Supply: 1,000,000,000
Circulating Supply: 879,612,009.47
Max Supply: 1,000,000,000
Market Cap: $2B
How to Buy LDO?
Follow the below steps to buy LDO coins,
1. Signup with KoinBX.
2. Fill in the fundamental details to create an account.
3. Complete your KYC verification process.
4. Add your bank account.
5. Deposit Fiat to your KoinBX account.
6. Click Buy to start buying LDO with Indian rupees (INR) & Tether (USDT).
How to Sell LDO?
Follow the below steps to sell LDO coins,
1. Signup with KoinBX.
2. Complete your KYC verification process.
3. Link your bank account.
4. Click the Sell option to find a buyer for LDO.
Once a buyer for LDO is found, you can start selling LDO with Indian rupees (INR) & Tether (USDT).
How to Trade LDO?
LDO/INR -> https://koinbx.com/trade/LDO-INR
LDO/USDT -> https://koinbx.com/trade/LDO-USDT
To make your LDO trade anywhere, anytime with the great trading experience with KoinBX Android and iOS app.
