LDO - Lido Dao

What is Lido Dao (LDO)?

Lido DAO (LDO) has paved a path as a pioneering liquid staking solution tailored for Proof-of-Stake (POS) blockchains. This initiative brings together a consortium of skilled node operator partners who collectively manage and maintain the essential validator infrastructure on prominent platforms such as Ethereum and Solana blockchains. The project's inception in December 2020 aligned with a pivotal moment in the crypto-sphere – the initial launch of Ethereum’s 2.0 Beacon Chain, which marked the initial phase of Ethereum's transition to POS consensus mechanism. 

Our exploration into the realm of Lido DAO unveils the intricate mechanics of its liquid staking paradigm and the multifaceted role it plays in reshaping the landscape of modern blockchain networks. Learn more

How to Deposit LDO Into Your Coinmetro Account

For all information on how to deposit LDO into your Coinmetro account, please see the following help center article: How to Deposit LDO.

As Coinmetro uses smart contracts for Ethereum and ERC-20 token deposits, the amount of gas required is slightly higher than a typical transfer. To be sure that your transaction is successful, please set the transaction gas limit to 55,000 for ETH. The fee difference is minimal. If your gas limit is too low, the transaction will simply be rejected by the Ethereum network. There is no risk of loss of assets caused by a too-low gas limit.

If you're depositing from another exchange, it is important to ensure they support sending funds to ETH contracts or using a full ETH wallet as an intermediary.

How to Withdraw LDO From Your Coinmetro Account

For all information on how to withdraw LDO from your Coinmetro account, please see the following help center article: How to Withdraw LDO.

Important Note - To request a withdrawal, your account profile needs to be verified as well as having the funds to cover your withdrawal. The first time a withdrawal is made to a destination, the destination needs to be confirmed via e-mail. If you have 2-Factor Authentication enabled for withdrawals, you will be asked to input the code for each withdrawal, approved or not. We suggest enabling 2-Factor Authentication to protect your account.

Withdrawals waiting for approval can be canceled and the withdrawal status can be found by selecting the Wallet on your Coinmetro Dashboard. Please note that already-approved withdrawals cannot be canceled. If there is no Cancel button visible, this unfortunately means the withdrawal can no longer be canceled, and you will find a transaction ID (TXID) instead. This is a link to the relevant transaction hash on a Blockchain Explorer website where the status can be checked further.