Lido Finance Mulls LDO Staking

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Last Updated on May 21, 2023 by Bitfinsider

Lido Finance, the liquid staking giant, is finally looking to freshen up its tokenomics.

Members of the community are trying to introduce a staking feature to LDO, as hinted to in a new proposal.

Remember that users require 32 ETH, or approximately $60,000 at today’s pricing, to stake straight to the mainnet. Due to the high barrier to entry, liquid staking services like as Lido have developed, allowing users to deposit any amount of ETH and start earning right away.

Many people in the space will be watching this proposition grow with bated breath. After all, Lido is the largest DeFi project, with a TVL of approximately $12 billion.

The plan is currently very early in its development:

Holders of LDO tokens would be able to stake them and begin reaping rewards from the protocol’s earnings. Lido presently makes money by charging users a 10% fee on incentives. Half of that goes to the project’s DAO, while the other half goes to the different node operators that carry out the actual mainnet staking.

Stakeholders would gain between 20% and 50% of the Lido DAO’s revenue if this new plan is approved. In other words, up to half of the 5% service cost. And this would be accomplished through buybacks, in which earned revenue would be utilized to purchase (and distribute) additional LDO tokens.

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:

  1. Sign up and register an account on ProEX 
  2. Buy USDT via ProEX One-click Buy 
  3. 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.