Can the Lido DAO (LDO) make money from Liquidity? — Market Mad House
The Lido DAO (LDO) is an attempt to cash in on one of Ethereum’s biggest drawbacks, a lack of liquidity.
They claim Lido allows users to stake Ethereum (ETH), ERC20 cryptocurrencies, and ERC-721 data nonfungible tokens (NFTs) without locking assets or infrastructure. ERC20 are fungible tokens or cryptocurrencies built in the Ethereum blockchain. The ERC-721 are NFTs built in the Ethereum blockchain.
They do not say if Lido can stake BEP-20 tokens. BEP-20 is a token standard that extends…