Buy Lido DAO

Lido DAO (LDO) Price in INR

Converting the price of Lido DAO (LDO) to the Indian National Rupee (INR) is very simple with CoinSwitch. All you need to do is visit the Market section of the app and search for the coin. Download the app here.

Reasons to buy Lido DAO (LDO)

There are lots of reasons to invest in Lido DAO (LDO). Some of them are discussed below.

• Lido DAO allows you to stake your ETH on the blockchain and earn rewards without having to invest in expensive infrastructure.
• There is no minimum lock-in period or deposit to be made when staking with Lido DAO.
• Users can track their staking rewards in real time and can also use staked tokens across Lido’s DeFi ecosystem.
• Recognized institutions like Sigma Prime, ChainSecurity, MixBytes, Oxorio, and State Mind regularly audit the smart contracts Lido uses.

Things to consider before buying Lido DAO (LDO)

There are some risks to investing in Lido DAO. To name a few:

• The project white paper claims that the code is completely open-sourced, in addition to being audited regularly. While that’s true, Lido could fall prey to a smart contract vulnerability, just like any other protocol that uses smart contracts.
• Lido is currently based on experimental technology, which is itself under development. So, there is no guarantee that the Beacon chain it relies on is totally error-proof. Any vulnerability to the underlying chain presents risks to the Lido infrastructure as well.
• Lido works by assigning users who stake ETH with an equal amount of stETH. If the Beacon chain underlying the exchange fails to remain stable, the price difference between ETH and stETH could fluctuate, causing users to lose money.

FAQ's

Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.