Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => DeFi tokens => Topic started by: Rakin343 on September 06, 2022, 03:39:27 AM
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Holders of Lido Finance’s native token, LDO, have seen their holdings grow by over 20% in the past week.
Since last Monday, LDO has risen from roughly $1.61 to $1.93 today, marking a total run-up of 20.5% over that period, according to CoinMarketCap. Trading volumes for the token have also skyrocketed over the past 24 hours, rising roughly 19%. The most popular trading pairs have been Binance’s stablecoin BUSD, Tether’s USDT, and Bitcoin. The majority of the trading action is happening on Binance, FTX, Gate.io, and KuCoin.
In the last 24 hours, however, the price has dropped by around 0.25%. And since its all-time high of $18.62 in November 2021, LDO has fallen a whopping 89.43%. source (https://cryptonews.net/11875977/?utm_source=CryptoNews&utm_medium=app&utm_campaign=shared)
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Yes, Lido is a staking platform that supports Ethereum 2.0
I have seen good progress on their platform and the LiDO community is also actively discussing all the information that existed before the successful ethereum merge. https://twitter.com/LidoFinance/status/1570783710466936834
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The LDO token is, like many DeFi tokens, a governance token. It lets holders vote and make proposals for any changes to the protocol. LDO holders were hugely influential in determining whether the platform should host the forked Terra protocol after the original went down in flames this.
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LDO is one of the coins I listed for investment. project Defi growth is very good, because many investors like a decentralized financial system