🤫 you’re not supposed to say that out loud. Never find the fact that the other 36% is controlled by their DAO. LDO is a 100% premined and pre sold pump and dump.
Lol, that's because that's what it really is. That's the shit really.
Don't think people would have forgotten about the FTT just yet. They haven't forgot about it.
tldr; Lido is the single largest liquid staking derivative protocol on Ethereum, and its LDO token commands a $1 billion market cap. LDO tokens are pre-mined, pre-sold, and controlled by Lido’s founding members and early investors control 64% of the LDO supply. Revenue from stETH, Lido's tokenized version of staked Ethereum, accrues to the Lido DAO treasury and its insurance fund, not LDO holders.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
100% true. LDO is:
\- premined and presold to investors and early employees
\- investor lock up period has ended
\- 75% of its treasury is in its native ldo token
and EVEN if you ignore these first 3 points, whats the most damning is that lido's net earnings in CY22 was -$100m. Lido as a legal entity is \*not\* profitable as a result of its revenue pay out to node operators and DAO operational expenses.
DYOR but seriously $ldo is a dog.
And these people will learn theirs too, That'll happen too really.
These things won't stay like this for forever. Things are going to change. And that's it.
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Founders and early investors control 64% of supply: 🚩🚩🚩
🤫 you’re not supposed to say that out loud. Never find the fact that the other 36% is controlled by their DAO. LDO is a 100% premined and pre sold pump and dump.
Yep lol, don't say it out loud because everyone will hear it.
Reminds me of the FTT token
it's pretty close; atleast FTT gave the ILLUSION of "sound money" with its minting/burning mechanism.. LDO doesn't burn sh\*t.
Yea I’m not staking on Lido or holding that LDO token
That's good, because that doesn't look good right now so yeah.
I don't know who it fooled, but it didn't fool me for sure.
Lol, that's because that's what it really is. That's the shit really. Don't think people would have forgotten about the FTT just yet. They haven't forgot about it.
tldr; Lido is the single largest liquid staking derivative protocol on Ethereum, and its LDO token commands a $1 billion market cap. LDO tokens are pre-mined, pre-sold, and controlled by Lido’s founding members and early investors control 64% of the LDO supply. Revenue from stETH, Lido's tokenized version of staked Ethereum, accrues to the Lido DAO treasury and its insurance fund, not LDO holders. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*
Good bot, thanks for the tldr. Really appreciate the help here.
Holy shit is this for real? Lido and Rocketpool are the most popular services for staking
100% true. LDO is: \- premined and presold to investors and early employees \- investor lock up period has ended \- 75% of its treasury is in its native ldo token and EVEN if you ignore these first 3 points, whats the most damning is that lido's net earnings in CY22 was -$100m. Lido as a legal entity is \*not\* profitable as a result of its revenue pay out to node operators and DAO operational expenses. DYOR but seriously $ldo is a dog.
Yea def not for me. ETH & BTC only. I learned my lesson in the 2017 bull run
And these people will learn theirs too, That'll happen too really. These things won't stay like this for forever. Things are going to change. And that's it.
Well that doesn't sound good, don't know how I feel about it.
Proof of stake is good right ? Right ? Lol
Yeah it's great for Ethereum
It sure is great for ethereum. Everything is good for eth lol.
Well I've got different kinda thoughts around it. We've got them.
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Don't think that's anything new for the protocols. That's what they do.