How to buy Lido DAO
LDO
LDO is the governance token of Lido DAO. Lido DAO is a liquid staking protocol which works on the Ethereum blockchain. It enables users to stake their ETH in Ethereum’s beacon chain, which locks the assets. Lido DAO then allows these assets to be liquified by issuing stETH. The purpose of the Lido protocol and stETH is to allow those who’ve staked their ETH to retain some liquidity as their ETH is locked until further upgrades to the Ethereum mainnet are completed. You can buy and sell LDO for any major cryptocurrency – like ETH and XRP – or traditional currency such as Canadian Dollar, US Dollar. Trading cryptocurrencies is like foreign exchange of traditional currencies – you trade LDO for ETH the same way you trade CAD for USD. You can also trade LDO to CAD based on the LDO price. To learn how to buy Lido DAO / LDO, scroll down to see how to buy Lido DAO.
Lido is a liquid staking solution for Ethereum that enables users to stake their ETH and participate in on-chain activities. It launched its staking app on December 19, 2020, and uses the LDO token for granting governance rights, managing fee parameters, and governing the addition and removal of node operators. The total LDO supply is 1 billion, with 0.9% currently in circulation. The Lido DAO, composed of various individuals and organizations with a track record of excellence in DeFi, created the LDO token with 64% locked for 1 year and the remainder distributed to early stakers and DAO treasury tokens.
Lido DAO (LDO)
All prices are in USD.
How to buy Lido DAO
LDO
LDO is the governance token of Lido DAO. Lido DAO is a liquid staking protocol which works on the Ethereum blockchain. It enables users to stake their ETH in Ethereum’s beacon chain, which locks the assets. Lido DAO then allows these assets to be liquified by issuing stETH. The purpose of the Lido protocol and stETH is to allow those who’ve staked their ETH to retain some liquidity as their ETH is locked until further upgrades to the Ethereum mainnet are completed. You can buy and sell LDO for any major cryptocurrency – like ETH and XRP – or traditional currency such as Canadian Dollar, US Dollar. Trading cryptocurrencies is like foreign exchange of traditional currencies – you trade LDO for ETH the same way you trade CAD for USD. You can also trade LDO to CAD based on the LDO price. To learn how to buy Lido DAO / LDO, scroll down to see how to buy Lido DAO.
Here’s how to buy Lido DAO on Coinsquare
Buying Lido DAO is just like foreign exchange of traditional currencies like the Canadian Dollar, US Dollar, or Euro. You trade coins that you have – either a cryptocurrency or a dollar – for Lido DAO, which trades as LDO. Based on when you think you can get a good LDO price, you should be able to trade LDO to CAD.
To buy Lido DAO, simply follow these steps:
Sign up for a Coinsquare account and verify your identity
This is the first step to buying LDO. Verifying your identity helps us to properly connect your funds to your account.
Fund your account with Canadian Dollars
Funding is like putting gas into a car – it helps you get where you want to go.
After funding, select LDO from the list on the trade section
Coinsquare lets you trade LDO without leaving the app. You can also check the Lido DAO stock price and convert LDO to CAD on the platform.
Select a currency you’ve funded and use it to check the LDO price
In the Coinsquare app, all currencies available to trade can be found in the drop down list.
Buy LDO
Congratulations! You’re now the proud owner of LDO. You can either HODL or use it to exchange LDO to CAD. To the moon!
Lido is a liquid staking solution for Ethereum that enables users to stake their ETH and participate in on-chain activities. It launched its staking app on December 19, 2020, and uses the LDO token for granting governance rights, managing fee parameters, and governing the addition and removal of node operators. The total LDO supply is 1 billion, with 0.9% currently in circulation. The Lido DAO, composed of various individuals and organizations with a track record of excellence in DeFi, created the LDO token with 64% locked for 1 year and the remainder distributed to early stakers and DAO treasury tokens.
Where do I keep my LDO?
Ready to add LDO to your portfolio?
Prices and percentage changes are for information purposes only and in no way reflect Coinsquare Ltd.’s speculation of market direction. Past performance is not an indicator of future performance. Please find our Risk Disclosure statement here.
FINTRAC Registered
Property as prescribed in the Coverage Policy of the Canadian Investor Protection Fund (CIPF) that is held in customers’ accounts, including cash balances but not crypto assets, is protected by CIPF within specified limits. A brochure describing the nature and limits of coverage is available upon request or at https://www.cipf.ca.