Geek Culture
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Geek Culture

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…

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Daniel G. Jennings

Daniel G. Jennings

Daniel G. Jennings is a writer who lives and works in Colorado. He is a lifelong history buff who is fascinated by stocks, politics, and cryptocurrency.

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