10 Apr Bitfinex to List Lido DAO’s Native Governance Token, LDO
ROAD TOWN, British Virgin Islands – April 10, 2023 Bitfinex (https://www.bitfinex.com/), a state-of-the-art digital token trading platform, announced today that it will be listing LDO, the native governance token of Lido DAO.
As a liquid staking solution for proof-of-stake (POS) blockchains, Lido aggregates node operator partners who run the underlying validator infrastructure on multiple blockchains, including Ethereum, Solana, Polygon, Polkadot and Terra. It enables users to stake their ETH tokens in a non-custodial and transparent manner to contribute to the stability of the Ethereum ecosystem as a whole.
Lido’s ERC-20 governance token, LDO, gives Lido DAO members a vote in the future of Lido, allowing each DAO member to have a personal say in the community. It allows them to reward Lido DAO users and activities. Payments from the DAO include grants, referral program payouts, liquidity incentives, insurance purchases, and bug bounties. The token has a market cap of $2.28 Billion and a circulating supply of 861,942,547.
“We are delighted to introduce LDO to the Bitfinex ecosystem,” said Henry Child, Head of Tokens at Bitfinex. “Lido empowers users to maintain much needed liquidity on blockchains through staking in a transparent, decentralized manner, a powerful utility that Bitfinex customers will find extremely useful.”
Bitfinex will open deposits for LDO on April 12, 2023 at approximately 10AM UTC. Trading of LDO will commence on April 14, 2023 at approximately 10AM UTC, in trading pairs against the US Dollar (USD) and Tether tokens (USDt)
To obtain access to LDO on Bitfinex, customers can visit https://www.bitfinex.com/.
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Founded in 2012, Bitfinex is a digital token trading platform offering state-of-the-art services for traders and global liquidity providers. In addition to a suite of advanced trading features and charting tools, Bitfinex provides access to peer-to-peer financing, an OTC market and margin trading for a wide selection of digital tokens. Bitfinex’s strategy focuses on providing unparalleled support, tools, and innovation for experienced traders and liquidity providers around the world. Visit www.bitfinex.com to learn more.
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