Lido DAO to Host Community Call on March 19th

Lido DAO will host a community call on Discord on March 19th at 17:00 UTC to discuss the evolution of the Lido Community staking module and all aspects of CSM v.2.0. Refer to the official tweet by LDO: CSM: Where To Go From Here? Join the Lido Community Staking roundtable this Wednesday to discuss the evolution of the Lido Community Staking Module and all things CSM V2.Wednesday March 19th, 5pm UTC 📆 LDO InfoThe Lido project is a liquid staking platform for PoS (Proof-of-Stake) cryptocurrencies, which enables users to stake their tokens on Lido and receive tokenized versions of their staked assets at a 1:1 ratio. Lido supports Ethereum 2.0 staking and other Layer 1 PoS blockchains, such as Solana, Polygon, Polkadot, and Kusama. By issuing these tokenized assets, users maintain liquidity and are able to participate in DeFi activities for additional yield while earning staking rewards.The mechanism of operation for Lido revolves around its unique liquid staking solution. Users can stake any amount of PoS assets, addressing the issues of illiquidity, complexity, and centralization present in traditional PoS staking. When a user deposits assets to Lido, they’re staked on the relevant blockchain via Lido’s smart contract, which manages deposits, withdrawals, fund delegation, fees, token minting and burning, and more. Users receive a tokenized version of their deposited funds (stAsset tokens), which can be used in DeFi protocols and dApps to earn additional rewards.Regarding the LDO token, it’s important to note that LDO is the native governance token of the Lido protocol. Holders of LDO tokens have the power to vote on proposals in the Lido DAO (Decentralized Autonomous Organization). The DAO governs the protocol and makes crucial decisions regarding its operation, ensuring alignment with stakeholder interests. The DAO manages fee parameters and distribution, addition and removal of node operators, and other aspects of the protocol, maintaining transparency and decentralization.