Lido Finance's governance token $LDO will be unlocked for the last time on August 26, which means that almost all of $LDO (total supply of 1 billion) will be on the open market, except for a small portion of the tokens that will vest to early investors by April 2024.
This time, 8.5 million $LDOs will be unlocked, representing 0.97% of the circulating supply and valued at approximately $13.52 million.
DeFiLlama data shows that Lido has $13.9 billion in TVL, making it the largest DeFi protocol. The protocol dominates the liquid staking space with its stETH token commanding a 75% market share.
According to TokenInsight data, Lido DAO Token ($LDO) has dropped by 6% in the last 24 hours, trading at $1.5898 now.
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Lido
DeFi
Liquid Staking Derivatives (LSD)
