What are the advantages of holding LDO tokens in a crypto portfolio?

1 answers

• Nov 28, 2021 · 3 years ago
  When it comes to holding LDO tokens in a crypto portfolio, there are several advantages to consider. Firstly, LDO tokens provide investors with governance rights within the Lido DAO ecosystem. This means that token holders have the power to influence the decision-making processes of the project and shape its future. Secondly, LDO tokens can be staked to earn rewards. By staking LDO tokens, investors can earn staking rewards and protocol fees, which can provide a passive income stream. Additionally, LDO tokens offer exposure to liquid staking, allowing investors to participate in staking activities without sacrificing liquidity. This can be especially beneficial for those who want to have their funds readily available while still earning staking rewards. Overall, holding LDO tokens in a crypto portfolio can provide investors with governance rights, passive income, and exposure to the growing field of liquid staking.
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