What is stETH and how is it different from LDO?

stETH is the liquid staking receipt token you receive when depositing ETH into Lido — it accrues staking rewards daily. LDO is the governance token that controls the Lido DAO protocol parameters.

Can I swap LDO without KYC?

Yes. SyntheticSwap supports LDO swaps with no registration or identity verification.

Is stETH always 1:1 with ETH?

stETH tracks ETH closely but can trade at a slight discount or premium on secondary markets depending on liquidity conditions.

What percentage of ETH does Lido stake?

Lido controls approximately 30% of all staked ETH on the Ethereum network, making it the largest single staking entity.

Can I unstake ETH from Lido?

Yes. Since Lido V2 and the Ethereum Shanghai upgrade, users can request direct ETH withdrawals by burning stETH, typically processed within days.

Home/Supported Coins/Lido DAO

Lido DAO

The Largest Liquid Staking Protocol for Ethereum

Launch Year

2020

Consensus

Proof of Stake

Max Supply

1,000,000,000 LDO

Block Time

~12 seconds

LDO

Lido DAO

Price—

24h Change—

Market Cap—

Volume (24h)—

Circulating Supply—

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Lido DAO Price Chart

LDO / USD

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About Lido DAO

Lido DAO (LDO) governs Lido Protocol, the largest liquid staking solution for Ethereum and the biggest DeFi protocol by TVL. Lido allows users to stake ETH without locking their assets or running validator infrastructure — in return, stakers receive stETH (staked ETH), a liquid token that accrues staking rewards and can be used across DeFi. LDO token holders govern key decisions including fee parameters, node operator additions, and protocol upgrades. Lido expanded to Solana (stSOL) and other chains, though Ethereum remains its dominant market. With over 30% of all staked ETH, Lido is central to Ethereum's staking ecosystem.

History

2020

Lido Protocol launches shortly after Ethereum Beacon Chain goes live, offering liquid ETH staking via stETH.

2021

Lido grows rapidly as stETH adoption increases across DeFi platforms like Curve, Aave, and Yearn.

2022

stETH de-pegs slightly during the Terra/LUNA collapse and 3AC crisis, raising concerns about liquidity risks.

2023

Lido V2 launches enabling ETH withdrawals after the Ethereum Shanghai upgrade; direct redemption of stETH for ETH becomes possible.

2024

Lido maintains 30%+ of all staked ETH; debate around its market dominance shapes Ethereum decentralization discussions.

How to Swap LDO

To swap Lido DAO (LDO) on SyntheticSwap, no account creation or KYC is required. LDO runs on the Ethereum blockchain as an ERC-20 token, compatible with MetaMask, Ledger, Rainbow, and any Web3 wallet. Navigate to SyntheticSwap, choose LDO as either source or target, enter your wallet address for the destination asset, and send LDO from your personal wallet to the deposit address shown. Swaps typically settle within a few Ethereum block confirmations, and your destination asset lands directly in your specified wallet.

How to Store LDO

LDO (ERC-20) can be stored in MetaMask, Ledger, Trust Wallet, or any Ethereum wallet. For participating in Lido DAO governance, connect your wallet to the Lido governance platform. Note that stETH (the staking receipt) is a separate token also stored in ERC-20-compatible wallets.

Popular Pairs

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BTC

LDO

LDO

Frequently Asked Questions

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