LDO
LDO is the native token of Lido, a liquid staking protocol with onchain voting, safeguarded by stETH holders via Dual Governance.
LDO holders exercise ultimate control through a multi-step governance flow with stETH holder veto protection via Dual Governance. All critical roles flow through governance-controlled contracts. The token has unbounded supply controlled by governance, with token behavior modifiable through controller upgrades.
Protocol revenue flows to the LDO-controlled DAO treasury, and a newly approved manual buyback program (up to 10,000 stETH, held by the treasury) creates net buy pressure on LDO, though not a direct distribution. Treasury is controlled by LDO holders; offchain IP is held by DAO-controlled BORG foundations.
LDO token source is publicly available and verified on Etherscan. Lido core protocol contracts are open source and verified.
Aragon has not yet verified the distribution of LDO holders outside of the core team.
European trademark registrations for LIDO list Lido Labs Foundation as the owner. Lido Labs, Ecosystem, and Alliance BORG Foundations are DAO-controlled entities managing offchain IP and distribution.
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