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Thursday, June 24, 2021

Lido Airdrop Review – Ethereum Liquid Staking

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About Lido Airdrop

Lido Airdrop is a liquid staking answer for ETH 2.zero sponsored with the aid of using industry-main staking providers. Lido we could customers stake their ETH with out locking property or retaining infrastructure at the same time as taking part in on-chain activities, e.g. lending. Lido tries to remedy the issues related to preliminary ETH 2.zero staking – illiquidity, immovability and accessibility – making staked ETH liquid and taking into consideration participation with any quantity of ETH to enhance the safety of the Ethereum network.

Lido is airdropping a complete of 4,000,000 LIDO tokens to early adopters. All holders and stakers of stETH and customers who exchanged stETH:ETH and yvsteth for Uniswap LP tokens earlier than December 28 are eligible to obtain loose LDO tokens.

Token NameLido Airdrop
Total ValueN/A
KYCKYC Is Not requirement
WhitepaperClick Here To View
Max. ParticipantsUnlimited
Collect AirdropClick Here To Collect Free Airdrop

How To Join Lido Airdrop

First Step

Visit the Lido claim page.

Second step

Connect your ETH wallet.

Third Step

c All holders and stakers of stETH and users who exchanged stETH:ETH and yvsteth for Uniswap LP tokens before December 28 are eligible to receive free LDO tokens.

Fourth Step

If you’re eligible then you will see the number of tokens you will receive.

Fifth Step

Click on “Claim LDO tokens” to claim your tokens.

Six Step

For more information regarding the airdrop, see this post.

How it works

When staking with Lido, users receive stETH tokens on a 1:1 basis representing their staked ETH. stETH balances can be used like regular ETH to earn yields and lending rewards, and are updated on a daily basis to reflect your ETH staking rewards, minus any penalties. Note that there are no lock-ups or minimum deposits when staking with Lido. When using Lido, users receive secure staking rewards in real-time, allowing for participation in the securing of Ethereum with fewer associated risks and less downside potential.

  1. Deposit any amount of ETH to the Lido liquid staking protocolStake with Lido
  2. Receive the same number of stETH tokens in return and earn your staking rewards
  3. Use stETH tokens in DeFi and keep full control of your funds
  4. Redeem stETH to ETH tokens back when Ethereum 2.0 Phase 2 begins. It will be possible when transfers in Ethereum 2.0 will be available

The LDO Token Distribution plan?

For now founding members have Lido Airdrop tokens which are locked for 1 year, after this period token will be vesting during 1 year. That means that founding members will have the possibility to transfer part of tokens in one year from now and get all tokens transferable in two years.
The only unlocked LDO in existence are in the DAO treasury (~36% of Total supply) – anyone can make a proposal on how they can be used, you included. If you have some any initiatives or you know how to benefit the Lido protocol, share your thoughts with governance.
In addition to this, the DAO can decide to issue additional tokens for fundraising, marketing or incentivization purposes. They will make additional announcements about these events when/if they come.

Stake ETH and keep tokens liquid

Deposit Ether to the smart contract and get stETH tokens in return. You earn staking rewards for every day of holding these tokens in your wallet. They are fully liquid, so you can use them for your needs at any time — trade, sell, exchange, invest in DeFi projects, etc.

Stake any amount of ETH

The Ethereum 2.0 protocol allows staking amounts divisible by 32 ETH only. Lido is a more flexible and more friendly solution than self-staking or exchange staking. With Lido, you can stake any number of tokens you possess and earn rewards even on small deposits.

Support DeFi projects with stETH

stETH tokens, the Ethereum liquid staking token on Lido, serves as a building block for new and existing Ethereum apps and protocols. For example, you can use it as collateral for lending services or other trading DeFi solutions.

How is Lido secure?

Lido Airdrop is a secure liquid staking solution for a number of reasons:

  • Open-sourcing & continuous review of all code.
  • Committee of elected, best-in-class validators to minimise staking risk.
  • Use of non-custodial staking service to eliminate counterparty risk.
  • Use of DAO for governance decisions & to manage risk factors.

Usually when staking ETH you choose only one validator. In the case of Lido you stake across many validators, minimising your staking risk.

One of Coinworldstory's longest-tenured contributors, and now one of our news,ico,hyip editors, Verna has authored over 6900+ stories for the site. When not writing or editing, He likes to play basketball, play guitar or visit remote places. Verna, to his regret, holds a very small amount of digital currencies.
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