Lido DAO to Hold a Community Call on YouTube on April 8th at 4:00 PM UTC

The agenda includes ValSet updates. The Lido project is a liquid staking platform for PoS (Proof-of-Stake) cryptocurrencies.

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Lido Decentralized Autonomous Organization (DAO) will be hosting a community call on YouTube on April 8th at 4:00 PM. The agenda will include an update on ValSet.

The Lido project is a liquid staking platform for PoS (Proof-of-Stake) cryptocurrencies. It allows users to stake their tokens with Lido and receive tokenized versions of their staked assets at a 1:1 ratio.

Lido currently supports Ethereum 2.0 staking and other Layer 1 PoS blockchains, including Solana, Polygon,Polkdot, and Kusama.

As these new chains launch their own liquid staking programs, they will be announced on the Lido website and social channels.

Lido is able to issue these tokenized assets while still allowing users to liquidity and participate in DeFi activities for additional yield. This is because of its unique liquid staking solution.

Users can stake any amount of PoS assets with Lido, to circumvent the issues of illiquidity, complexity, and centralization present in traditional PoS staking.

When a user deposits assets to Lido, they are staked on the relevant blockchain via Lido’s smart contract, which manages deposits, withdrawals, fund delegation, fees, token minting and burning, and more.

The user will then receive a tokenized version of their deposited funds (stAsset tokens), which can be used in DeFi protocols and dApps to earn additional rewards. These stAssets are also recognized by other protocols and dApps.

LDO is the native governance token of the Lido protocol. Holders of LDO tokens have the right to vote on proposals in the Lido DAO (Decentralized Autonomous Organization). The DAO governs the protocol and makes crucial decisions regarding its operation, which are always made in the best interest of all stakeholders.

The DAO manages the fee parameters and distribution, addition and removal of node operators, and other aspects of the protocol to ensure transparency and decentralization.