Can You Get Lido DAO Tokens?

Lido DAO Token (LDO) is the governance token of Lido, a liquid staking solution for ETH 2.0 that lets users stake ETH without locking assets or running infrastructure. The platform aims to solve the illiquidity, immovability, and accessibility challenges in ETH 2.0 staking. LDO grants voting rights to token holders based on the number of tokens locked in a user’s voting contract.

Where Can You Get Lido DAO Tokens

You can buy Lido DAO tokens from Uniswap, SushiSwap, 1inch, DeversiFi, Hoo, Hotbit, and Bilaxy.

How to Get Lido DAO Tokens

Lido DAO Token is listed on top exchanges. In the future, the token will expand its availability to other popular exchanges as well. 

Follow the steps below to buy LDO from decentralized exchanges. 

1. Connect your crypto wallet to the exchange.
2. Choose your preferred trading pair and enter the amount of LDO you wish to purchase. 
3. Authorize the payment (including liquidity provider fee).
4. The tokens will be soon deposited in your wallet. 

If you’re buying LDO from a centralized crypto exchange, these are the steps to follow:

1. Sign up on the platform. Most centralized exchanges require KYC. Verification and onboarding can take a few days. 
2. Check the payment methods on the exchange and deposit crypto or fiat currency based on your preferences. 
3. Enter the amount of LDO you wish to purchase and make the payment. Service fees vary from exchange to exchange. 
4. The tokens will be soon sent to your wallet. 

DAOs are not without their challenges. Make sure you have done your research before purchasing LDO. If you're planning to start a DAO, here is how to get started.