In the latest post, Grayscale announced the launch of ‘Grayscale Lido DAO Trust’ for investors that provides exposure to LDO tokens, a token associated with Lido DAO governance.
The Lido DAO Trust is one of the first securities solely invested in and deriving value from the LDO token’s value. The product will help investors gain exposure to LDO tokens as a ‘security’ while avoiding the cryptocurrency’s high volatility.
Grayscale Lido DAO Trust offers exposure to $LDO, Lido’s governance token. Lido provides a liquid staking solution for the Ethereum network, making staking more accessible, thereby aiming to enhance its network security.
For more & important disclosures: https://t.co/jZLLbLlFLh pic.twitter.com/B3yGK4jlK4
— Grayscale (@Grayscale) December 27, 2024
According to the company’s official page, “Shares of the Trust (based on LDO per Share as indicated below) are designed to track the LDO market price, less fees and expenses.”
Lido is a prominent liquid staking protocol on the Ethereum blockchain, which makes staking more accessible. After Ethereum transitions into proof-of-staking consensus, the protocol plays a pivotal role in enhancing the network’s security.
“Lido is helping to democratize staking on Ethereum, and Optimism is critical in allowing Ethereum to scale to compete with newer, faster Layer 1 blockchains, ” Grayscale’s Head of Product & Research, Rayhaneh Sharif-Askary said earlier. “Grayscale Lido DAO Trust and Grayscale Optimism Trust provide investors with exposure to protocols helping to increase Ethereum’s efficiency, security, scalability, and adoption within the broader DeFi ecosystem – playing a critical role in the Ethereum story.”
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