24h Change-7.16%
All Time HighAug 20, 2021$7.3
All Time LowMar 8, 2026$0.27
Market Cap$238.33m
Fully Diluted Valuation$282.2m
Circ. Supply844.55m LDO
Max Supply1b LDO
Outstanding FDV$284.46m
CEX Volume$76.17m
DEX Volume$28.93m
Uniswap V3 · Ethereum$3.94m
Curve DEX · Ethereum$867,925
Uniswap V3 · Polygon$596,356
Uniswap V3 · Arbitrum$310,611
Velodrome V2 · Optimism$178,400
SushiSwap · Ethereum$126,324
Majors$62.87m
Stablecoins$9.57m
Own Tokens$32.5m
Others$2,588
Private token sale · May 5, 2021$73m
Mar 3, 2022$70m
Treasury Diversification · Sep 14, 2022$24m
| Q2 2026* | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Gross Protocol Revenue | $95.48M | $150.09M | $221.43M | $256.07M | $157.29M | $211.52M | $251.36M | $234.30M | $279.36M | $269.03M | $184.27M | $155.24M | $161.24M | $117.01M | $91.94M | $74.51M | $90.56M | $72.17M | $82.56M | $38.14M | $12.63M |
| Staking Rewards | $89.59M | $139.64M | $204.37M | $237.60M | $138.38M | $175.62M | $213.57M | $194.13M | $227.93M | $208.40M | $139.84M | $117.83M | $114.97M | $80.53M | $63.93M | $72.41M | $90.56M | $72.17M | $82.56M | $38.14M | $12.63M |
| MEV Rewards | $5.88M | $10.45M | $17.06M | $18.47M | $18.91M | $35.90M | $37.78M | $40.16M | $51.43M | $60.63M | $44.42M | $37.40M | $46.27M | $36.47M | $28M | $2.10M | $0 | $0 | $0 | $0 | $0 |
Cost of Revenue | $86.38M | $135.08M | $199.29M | $230.46M | $141.56M | $190.37M | $226.55M | $210.91M | $251.43M | $242.13M | $165.84M | $139.71M | $145.12M | $105.30M | $82.74M | $67.06M | $81.50M | $64.95M | $74.30M | $34.32M | $11.37M |
| Staking Rewards | $70.54M | $125.67M | $183.93M | $213.84M | $124.54M | $158.06M | $192.54M | $174.76M | $205.14M | $187.56M | $125.86M | $106.05M | $103.47M | $72.47M | $57.54M | $65.17M | $81.50M | $64.95M | $74.30M | $34.32M | $11.37M |
| MEV Rewards | $4.83M | $9.40M | $15.35M | $16.62M | $17.02M | $32.31M | $34M | $36.14M | $46.28M | $54.56M | $39.98M | $33.66M | $41.64M | $32.83M | $25.20M | $1.89M | $0 | $0 | $0 | $0 | $0 |
| Staking rewards to ETH stakers | $10.08M | ||||||||||||||||||||
| MEV rewards to ETH stakers | $457.29K | ||||||||||||||||||||
| Staking rewards to node operators | $434.25K | ||||||||||||||||||||
| MEV rewards to node operators | $19.68K | ||||||||||||||||||||
Gross Profit | $9.09M | $15M | $22.14M | $25.60M | $15.72M | $21.15M | $25.13M | $23.43M | $27.93M | $26.90M | $18.42M | $15.52M | $16.12M | $11.70M | $9.19M | $7.45M | $9.05M | $7.21M | $8.25M | $3.81M | $1.26M |
| Staking Rewards | $8.52M | $13.96M | $20.43M | $23.76M | $13.83M | $17.56M | $21.35M | $19.41M | $22.79M | $20.84M | $13.98M | $11.78M | $11.49M | $8.05M | $6.39M | $7.24M | $9.05M | $7.21M | $8.25M | $3.81M | $1.26M |
| MEV Rewards | $568.71K | $1.04M | $1.70M | $1.84M | $1.89M | $3.59M | $3.77M | $4.01M | $5.14M | $6.06M | $4.44M | $3.74M | $4.62M | $3.64M | $2.80M | $210.21K | $0 | $0 | $0 | $0 | $0 |
Incentives | $0 | $902.88K | $2.87M | $491.52K | $13.98K | $3.10M | $2.39M | $2.87M | $2.91M | $4.77M | $1.75M | $2.36M | $18.82M | $23.40M | $13.70M | $40.47M | $42.87M | $42.07M | $53.63M | $85.87M | $526.58M |
| Ethereum Incentives | $902.88K | $2.87M | $491.52K | $13.98K | $3.10M | $2.39M | $2.87M | $2.91M | $4.77M | $1.75M | $2.36M | $18.63M | $22.20M | $12.81M | $40.47M | $42.87M | $42.07M | $53.63M | $85.87M | $526.58M | |
| Optimism Incentives | $101.29K | $608.89K | $474.45K | ||||||||||||||||||
| Arbitrum Incentives | $90.93K | $596.45K | $411.47K | ||||||||||||||||||
Earnings | $9.09M | $14.10M | $19.27M | $25.11M | $15.71M | $18.05M | $22.73M | $20.55M | $25.02M | $22.12M | $16.67M | $13.16M | -$2.69M | -$11.70M | -$4.50M | -$33.02M | -$33.81M | -$34.85M | -$45.38M | -$82.05M | -$525.31M |
Token Holder Net Income | $1.49M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| LDO Accumulation Program | $1.49M |
How much debt can be issued against LDO as collateral across lending protocols.
Maximum possible exposure to LDO
$47,583
$0 (max additional borrows against LDO) + $47,583 (bad debt if LDO was hacked now)
Aave V3
$47,583 at-risk exposure = $47,583 bad debt if hacked + $0 additional borrowable against LDO
Showing collateral exposure for LDO on Ethereum. Max Borrowable uses the backend's liquidity-bounded borrow-capacity metric (`collateralMaxBorrowUsdLiquidity`) for the maximum additional USD debt that can be issued against the asset right now. Bad Debt at $0 is the minimum known bad debt if the collateral asset price goes to zero; null rows are excluded from this total rather than treated as zero, so totals may remain lower bounds.
Each row is one protocol-chain exposure for LDO as collateral. Bad debt at $0 totals remain lower bounds when a row is marked partial.
Protocol | Chain | |||
|---|---|---|---|---|
LDO0x5a98fcbea516cf06857215779fd812ca3bef1b32 | $0 | $47,583 |
Risk-management actions published about LDO by tracked risk managers and governance contributors, newest first.
LDO is being added as a supply-only collateral asset in the new Euler DeFi market, allowing users to deposit it for liquidity without borrowing exposure to mitigate risks from its governance-driven liquidity profile.
LDO, a governance token, achieves a lin_res score of 25 in OEV metrics, indicating potential for significant liquidation events under stress, recommending SVR prioritization.
LDO added to Ethereum Aave V3 to allow its use as collateral, expanding DeFi token support and driving protocol revenue.
LDO's restrictive borrow factors currently make borrowing unviable despite its role in longer-tailed assets; raising them improves capital efficiency for borrowers and shorts. Chainlink oracles reduce oracle manipulation risks, maintaining Euler's overall risk profile.
Emission_Admin role assigned to Lido, enabling LDO reward distribution on Polygon V3 Liquidity Pool to boost liquidity and usage of the asset in lending markets.
Switching the price oracle for LDO from Uniswap v3 TWAP to Chainlink mitigates the reduced cost of manipulation attacks post-Merge, where PoS enables block proposers to more easily manipulate spot prices without arbitrage risks.
Treasury holdings of governance tokens like LDO are proposed to be sold for ETH and reinvested into the ETH yield strategy on Balancer V2, redirecting to higher-yield opportunities.
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.
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.
DAO controls the treasury which accumulates 6% of staking rewards
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
Value accrues through buybacks, which are distributed to the DAO Treasury, not LDO holders. Governance ultimately controls the DAO treasury.
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.
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.
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.
No dividend or revenue distribution is currently active
No burn mechanism is currently active
An is required to view token usage.
An is required to view token unlocks.
Showing 10 of 20 pools
Pool | Project | Chain | 30d APY Chart | ||||||
|---|---|---|---|---|---|---|---|---|---|
| open in new tabLDO-WETH0.05% | $711,464 | 47.72% | 47.72% | 32.00% | |||||
| open in new tabETH-LDO0.30% | $140,099 | 53.86% | 53.86% | 11.15% | |||||
| open in new tabWETH-LDO0.3% | $77,491 | 35.10% | 35.10% | 30.97% | |||||
| open in new tabLDO-WETH0.3% | $67,617 | 20.47% | 20.47% | 21.44% | |||||
| open in new tabLDO-USDC1% | $65,643 | 21.00% | 21.00% | 50.53% | |||||
| open in new tabWPOL-LDO0.3% | $42,709 | 34.74% | 34.74% | 25.42% | |||||
| open in new tabLDO-USDC0.3% | $20,636 | 64.43% | 64.43% | 60.70% | |||||
| open in new tabLDO-WETHUniswap | $14,992 | 27.90% | 23.58% | ||||||
| open in new tabLDO-WSTETH | $11,783 | 112604% | 112604% | 4159% | |||||
| open in new tabLDO-USDCUniswap | $10,975 | 68.87% | 51.74% |
