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Ify Egede
May 9, 2022
by Ify Egede

Binance to List Lido Finance

Binance Lido Finance
Binance shared a post on Twitter from their website on their plans of listing Lido Finance. They aimed to give all Binancians the good news of the LDO listing and guidelines to use it.

Binance Will be Listing Lido Finance

Lido DAO (LDO) would be listed on Binance at 11:00 UTC on 9th May (UTC). To begin trading, there'll be three different trading pairs to choose from: LDO/BTC, LDO/USDT, and LDO/BUSD. Users can now begin depositing LDO to trade. 

The LDO would begin at 11:00 (UTC) on 10th May. Withdrawal activity can be viewed in real-time by visiting the withdrawal website. The listing fee for Lido Finance is 0 BNB. 

How Does Lido Work?

Lido develops cutting-edge liquid staking technologies to expand the staking system. Lido allows people to bet their valuables for daily payouts. There is no minimum quantity of tokens that a user can stake. When staking Lido, you create tokens equal in value to the amount of money you put in. Using staked tokens in other parts of the DeFi ecosystem will multiply your earnings.

Lido allows you to generate yield on top of the yield by using your staked assets. The Lido DAO is a group of people who work together to construct and control Lido's liquid staking solutions. A rising number of Lido DAO users are helping to design the platform's future.

Lido Finance provides Kusama, Ethereum 2.0, Solana, and Terra staking solutions. Staking with Lido allows users to retain ownership and liquidity over their staked tokens. The Lido DAO is run by LDO, which is its governance token.

DAO is used for governance choices and risk management. When you stake ETH, you choose just one validator most of the time. Lido allows you to spread your staking risk among many validators, hence reducing your potential losses.

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Binance to List Lido Finance
Ify Egede
Ify is an experienced and versatile writer and researcher. He has have keen interest in blockchain technology, Bitcoin, cryptocurrencies, fintech and emerging technologies. He has tons of published works both online and in the print media. He has close to a decade of writing experience. When he is not writing, he spends time with his lovely wife and kids.

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