TechFlow news — According to an official announcement from Binance, Binance will list Lido (LDO) on May 9 at 19:30 Beijing time, and open trading pairs LDO/BTC, LDO/BUSD, and LDO/USDT.
Lido Finance, founded in 2020, provides liquid staking solutions for Ethereum 2.0 as well as public chains such as Solana and Terra, allowing users to stake their ETH, SOL, and other tokens without lock-ups or minimum deposit requirements. LDO is the governance token of Lido DAO.
Earlier, a16z announced a $70 million investment in Lido Finance, a decentralized staking solution, and plans to use Lido to stake a portion of a16z Crypto’s undisclosed ETH holdings on the Ethereum Beacon Chain. Lido completed a $73 million funding round led by Paradigm in May 2021, with participation from Three Arrows Capital, Alameda Research, DCG, and others.
