Last Updated on May 17, 2023 by Bitfinsider
Lido DAO (LDO), an Ethereum-based Liquid Staking Derivatives (LSD) platform, is dominating the altcoin momentum today after its 8% increase to $2.10. The digital currency, which is known as the platform’s native token and has delivered for Ethereum speculators long before the Shapella Upgrade, has recently exhibited remarkable price action.
Following the release of Lido V2, the optimism in the Lido ecosystem is driving the current expansion. The Lido V2 protocol is a significant enhancement that has been in development for quite some time. When it went live, it introduced two major features, namely withdrawals and a staking router.
The Lido V2 protocol is opportune, as the withdrawal function enables users to withdraw staked Ethereum tokens directly from the LSD platform. Since Ethereum withdrawal is currently one of the most popular requests from the Ethereum community, launching this new feature is simply a way for DeFi to demonstrate that it is better aligned with their requirements and facilitates participation in its core investment services. Before its debut, the V2 protocol was subjected to a series of security checks, according to Lido DAO. Sigma Prime and ChainSecurity are two of the fundamental security firms that worked on the protocol.
How to buy or trade LDO on ProEX
You can buy or trade LDO on ProEX. As ProEX frequently holds campaigns and events, you should check out its event page here to see if you can participate and win rewards as you trade.
On ProEX, you can trade LDO as a spot pair (LDO/USDT) in 3 simple steps:
- Sign up and register an account on ProEX
- Buy USDT via ProEX One-click Buy
- Trade LDO/USDT at ProEX Spot
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Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.