Lido Dao (LDO): Learn Why Interest in Altcoin Is High

Find out what is motivating LDO rise and if it is sustainable cryptocurrency

As noted in recent days, Lido DAO has experienced large growth in investor interest. As a result, the capitalization of the LDO token has seen a 35% weekly rise, up to the time of writing.

Currently, even though stablecoin parent Dai is still in the lead, its lead over the staking platform is slim. For example, MakerDAO has a TVL of $6.2 billion, while Lido DAO's total value locked is $6.1 billion. A fitting example of this is the staking of ETH. For a crypto investor to be able to earn income from the altcoin, they need to have at least 32 ETH locked up. In fact, an amount that is not very affordable for most crypto investors. Lido solves this issue by offering a platform with no minimum deposits or infrastructure maintenance.is liquid.

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