LDO tokens may be purchased on both equally centralized and decentralized exchanges. On centralized exchanges like copyright, copyright, and copyright, you can buy LDO employing fiat currencies or other cryptocurrencies by starting an account and completing the mandatory KYC verification.
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Lido could be the identify of the loved ones of open-source peer-to-method application resources deployed and functioning within the Ethereum and Polygon blockchain networks.
Lido Finance has extensive held the lion’s share with the liquid staking market on Ethereum, but what on earth is it and So how exactly does it operate?
Lido is actually a liquid staking protocol that's non-custodial — while you keep whole Manage about your belongings — and comes along with appreciably additional overall flexibility than self-staking.
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Note: Some DeFi ecosystems like copyright and SushiSwap do not directly assistance rebasable tokens like stETH. In that situation, You could have to wrap these tokens to use them and receive the re-staking rewards likewise (not the regular ETH staking types). That Variation of stETH is termed wstETH or wrapped staked ETH.
Although ETH staking typically implies that your copyright is ‘locked up’ and can’t be Employed in transactions, stETH may be freely traded and Employed in DeFi transactions — giving you extra overall flexibility!
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This flexibility lets users to select the token that best fits their tactic, whether or not they need compatibility with non-rebasing-welcoming DeFi platforms or favor the liquidity of stETH.
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