$LDO Token Rights

Updated May 07, 2026

Overview

Token(s): LDO
Token Type: Governance
Utility: N/A

LDO is the governance token of Lido DAO, allowing holders to propose and vote on key protocol decisions including upgrades, fee structures, node operators, and treasury allocations, while supporting dual governance with stETH veto rights to encourage alignment in liquid staking operations.

Governance Rights

Control

Holding LDO is required to vote in the Lido DAO and contribute to decisions on topics such as protocol parameters, incentives, node operators, grants, payments, bug bounties, and fee accumulation. Voting power is proportional to LDO holdings.

Governance Decisions

LDO

Treasury Decisions

LDO

DAO controls the treasury which accumulates 6% of staking rewards

Revenue Decisions

LDO

Fee Switch

OFF

In April 2026, a proposal passed that authorized the Lido Growth Committee to execute the accumulation of LDO using up to 10,000 stETH from the Lido DAO Treasury, outside the NEST (Network Economic Support Tokenomics) format, which enables supplied stETH to be swapped for LDO and route the LDO back to the Lido DAO treasury

Resources

Insurance Fund

0x8B3f33234ABD88493c0Cd28De33D583B70beDe35

Primary Value Accrual

Buybacks

Value accrues through buybacks, which are distributed to the DAO Treasury, not LDO holders. Governance ultimately controls the DAO treasury.

Equity Statement

Revenue currently flows to Lido DAO after node operator costs are covered. Lido DAO may soon vote on LDO buybacks, and there is currently a live buyback program.

Economic Rights

Value Capture

A LDO buyback program is live with a budget of 10,000 stETH from the DAO Treasury, executed by the Growth Committee. This is outside of and does not change the NEST format. LDO purchased will accrue to the treasury.

Buybacks

LDO

There is currently an LDO accumulation program, using up to 10,000 stETH from the Lido DAO treasury. All acquired tokens will be transfered to the DAO Treasury. The DAO retains the right to terminate the program.

Dividends

N/A

No dividend or revenue distribution is currently active

Burns

N/A

No burn mechanism is currently active

Ownership

Raise History

3 rounds · $167m total

Date	Amount	Round	Valuation
Sep 14, 2022	$24m	Treasury Diversification	—
Mar 03, 2022	$70m	—	—
May 05, 2021	$73m	Private token sale	—

Fundraising: Token Sale
Equity Revenue Capture: No
Associated Entities: DAOOther