The 21Shares Lido DAO ETP (Ticker: LIDO) seeks to track the investment results of Lido DAO.
LIDO is designed to give investors an easy and accessible way to invest in Lido DAO, a liquid staking solution for various Proof-of- Stake (PoS) blockchains, including Ethereum, Polygon, and Solana. With Lido DAO, it is possible to deposit any amount of the native cryptocurrencies in return for an equivalent amount of stTokens that accrue staking rewards, while still being able to further utilize stTokens in decentralized finance applications.
21Shares ETP is accessible like stocks on a major exchange with no special setup needed.
Plain vanilla structure with performance directly linked to Lido DAO without leverage.
21Shares holds the underlying crypto assets (including all staked assets) in cold storage equal to 100% of the value of the ETP at all times.
Institutional Grade Security
Institutional grade security and custody solution using a variety of safety measures including cold-storage, multiple private keys, whitelisting and audit trails.