The information about the Lido DAO (LDO) token is gathered from posts on X and various web sources. LDO is an ERC-20 token launched on the Ethereum blockchain, serving as the governance token for the Lido DAO, a decentralized autonomous organization focused on providing a liquid staking solution for Ethereum and other proof-of-stake (PoS) blockchains. The token enables holders to participate in governance decisions, such as voting on protocol upgrades, node operator selections, and fee structures, as noted in posts on X from accounts like 

@CryptoJournaal

 and 

@LidoFinance

. The Lido protocol allows users to stake their ETH without locking assets or managing staking infrastructure, issuing stETH (staked ETH) tokens in return, which represent the staked ETH and accrued rewards. This liquid staking model enhances accessibility by eliminating the need for a 32 ETH minimum or technical expertise, pooling user funds to stake via DAO-selected node operators.

Lido DAO was founded in 2020 by Konstantin Lomashuk, Vasiliy Shapovalov, and Jordan Fish, with support from investors like Semantic VC and ParaFi Capital. The LDO token’s primary function is to empower decentralized governance, where voting power correlates with the amount of LDO held, as highlighted in web sources like cointelegraph.com and coinacademy.fr. The protocol’s smart contracts, deployed on Ethereum, manage user deposits and distribute staking rewards, with security reinforced by multiple third-party audits. Lido has also expanded its staking services beyond Ethereum to blockchains like Polygon, though support for Solana was discontinued. Posts on X, such as from 

@LidoFinance

, indicate ongoing efforts to diversify node operators and integrate technologies like the Simple DVT Module to enhance the staking ecosystem. The total supply of LDO is capped at 1 billion tokens, with a significant portion allocated to the DAO treasury, founders, and validators, ensuring a structured distribution without inflationary mechanisms.