{"id":26330,"date":"2022-05-09T10:16:19","date_gmt":"2022-05-09T14:16:19","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=26330"},"modified":"2022-05-09T10:16:30","modified_gmt":"2022-05-09T14:16:30","slug":"ethereum-defi-token-lido-dao-ldo-surges-30-on-binances-listing-plans","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/ethereum-defi-token-lido-dao-ldo-surges-30-on-binances-listing-plans\/","title":{"rendered":"Ethereum DeFi Token, Lido DAO(LDO) Surges 30% On Binance’s Listing Plans"},"content":{"rendered":"\n
An hour after Binance announced it would list the token, Lido DAO(LDO)<\/a> surged by over 30% on Monday.<\/h5>\n\n\n\n
\"Ethereum
Lido DAO(LDO) Surges 30% On Binance's Listing Plans<\/strong><\/figcaption><\/figure><\/div>\n\n\n\n

Starting at 11:00 UTC, LDO will be available for trading in the LDO\/BTC, LDO\/BUSD, and LDO\/USDT pairs. This will be the first time the LDO token has been listed on any centralized crypto market.<\/p>\n\n\n\n

According to DeFi Llama, Lido, an Ethereum-based DeFi platform, has one of the greatest market shares in ETH staking and is the second-largest Defi protocol by total value locked (TVL).<\/p>\n\n\n\n

Lido DAO (LDO) Gains 25% Following Binance Listing<\/strong><\/h3>\n\n\n\n

Lido provides staking for Ethereum, Terra, Solana, Kusama, and Polygon. The price of the LDO token has increased by more than 35% in the last 24 hours, with Binance's announcement\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> of the token's listing adding significantly to the increase.<\/p>\n\n\n\n

The deposit channel for Lido DAO (LDO) is now open. Traders must, however, wait 24 hours for withdrawals due to the exchange's policies. The Lido DAO (LDO) listing fee is 0 BNB.<\/p>\n\n\n\n

With the growing interest in Ethereum 2.0<\/a>, Lido has become the most favored liquid staking platform. The LDO price, on the other hand, plummeted after the Ethereum merger was postponed until the third quarter.<\/p>\n\n\n\n

Furthermore, as Lido continues to add new assets, the ETH rewards have fallen. It has made Lido users more concerned.<\/p>\n\n\n\n

However, Lido will benefit from the move toward more decentralization and listing on Binance.<\/p>\n\n\n\n

According to CoinMarketCap, trade volume has increased by more than 100 percent in the last 24 hours, pushing the LDO price to a high of $3.51. Currently, the price is $3.39.<\/p>\n\n\n\n

Lido Experiences Demand Amid Staking Interest<\/strong><\/h3>\n\n\n\n

The demand for Lido appears to be increasing as staking interest grows. As the total-value-locked (TVL) surged over $20 billion, Lido momentarily became the leading DeFi protocol. Currently, Lido ranks second, with a TVL of $15.70 billion. The value of Ethereum's<\/a> stake on Lido is $10.15 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"

An hour after Binance announced it would list the token, Lido DAO(LDO) surged by over 30% on Monday. Starting at 11:00 UTC, LDO will be available for trading in the LDO\/BTC, LDO\/BUSD, and LDO\/USDT pairs. This will be the first time the LDO token has been listed on any centralized crypto market. According to DeFi […]<\/p>\n","protected":false},"author":32,"featured_media":26334,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[81],"tags":[9613],"class_list":["post-26330","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoin-news","tag-lido-dao"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/05\/lido.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/26330","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/32"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=26330"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/26330\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/26334"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=26330"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=26330"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=26330"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}