### What is Lido DAO?
Lido DAO is a decentralised autonomous organisation (DAO) that provides liquid staking solutions for a range of blockchain networks, primarily focusing on Ethereum and other Proof of Stake (PoS) blockchains. It aims to simplify staking by allowing users to stake their assets without the need for minimum deposits or hardware setup, while maintaining liquidity through the use of specialised tokens known as stTokens.

### How does Lido DAO work?
Lido DAO operates using a staking pool smart contract that manages users' deposits and withdrawals, determines staking reward fees, and delegates funds to node operators. When users deposit Ethereum, they receive stETH tokens, which are staked in the Ethereum Beacon Chain. These tokens maintain liquidity, enabling users to earn rewards and utilise them in other DeFi protocols. Lido's smart contracts are regularly audited, open-sourced, and include bug bounty programs to minimise risks.

### What are the potential use cases for Lido DAO?
Lido DAO primarily offers liquid staking solutions for Ethereum 2.0 and other PoS blockchains, letting users stake assets without losing liquidity or handling complex infrastructure. Its tokens, like stETH, can be used in decentralised finance (DeFi) protocols for lending, yield farming, and maximising earnings. Lido DAO is also involved in cross-chain staking solutions, decentralised governance where token holders participate in key protocol decisions, and has implemented insurance mechanisms against staking penalties.

### What is the history of Lido DAO?
Lido DAO was founded by Konstantin Lomashuk, Vasiliy Shapovalov, and Jordan Fish, launching in December 2020 to address limitations in Ethereum 2.0 staking. Since then, it has expanded its staking services to other blockchains like Terra, Solana, Polygon, and Polkadot. Significant milestones include the introduction of Lido V2, a major protocol release, and securing initial funding from prominent investors. Lido's native token, LDO, is actively traded and contributes to its strong market presence in the DeFi sector.

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