If you have been an active part of the crypto industry, you must have heard of Lido DAO (LDO), the governance token that powers the Lido protocol. As India becomes increasingly interested in decentralized finance, many investors are interested in buying it in Indian Rupees (INR) and adding it into their portfolio.
So whether you are a beginner or a crypto expert, this guide will take you through it all, including the fundamentals of this token, and obviously, how to buy it safely in INR.

What is LDO?
LDO is the native governance token of Lido DAO (Decentralized Autonomous Organization), a protocol that is designed to ease the process of staking on Ethereum. Imagine Lido is a giant asset-custody cooperative and this token is the membership card which allows you to vote in it. The holders do not actually own Ethereum assets, but control significant choices on the operation and development of the protocol.
The real essence of this token is the democratization of blockchain infrastructure. Holding it gives users control over protocol parameters, choice of node operators and treasury management, and is currently one of the most strategically important tokens in the Ethereum ecosystem.
As far as the price movement is concerned, this token has experienced a drop of 0.2% in the last 24 hours and is currently trading at ₹29.31.

How does it work?
To understand how LDO works, we first need to understand what problem it actually solves. The standard Ethereum staking needs at least 32 ETH (which is a very high entry barrier to many users) and ties up funds over a long duration with no flexibility. The Liquid Staking model introduced here is a much more accessible alternative in place of this rigid system, which the Lido protocol actually controls.
The Lido protocol operates in the following way when governed by the holders:
- Deposit: A user can deposit any quantity of ETH into the Lido protocol, including a minimum of 0.1 ETH, and this completely eliminates the 32 ETH barrier.
- Voucher (stETH): Users in turn get stETH tokens, which are their staked ETH together with real-time rewards.
- Liquidity: Unlike the traditional staking, stETH can be freely exchanged, moved or utilized in DeFi without having to wait until an unlock period is reached, which is a full financial freedom to the user.
What are the use cases of LDO?
It can serve several important purposes in the Lido ecosystem. The following are the main use cases of it:
- Governance Voting: The holders cast votes on protocol upgrades, fee structures and material operational decisions.
- Adjustment of Fee Rates: It allows the community to control the 10% of the service fee charged on staking rewards.
- Management of Node Operators: The owners can vote to accept or dismiss node operators, which has a direct effect on the security of the network.
- Treasury Allocation: It controls the distribution of the treasury funds within the protocol that are substantial.
- Developer Incentives: The developers of the Lido protocol are assigned grants based on the vote that received the development or improvement of the protocol.
- Partner Incentivization: It supports the process of making decisions related to the incentives of strategic partners collaborating to expand the ecosystem of Lido.
- Security Oversight of the Protocol: The holders have checks and balances on the validators to guarantee the reliability of the Ethereum network.
What is its token allocation?
Knowledge of token allocation aids the investor to determine the sustainability of the token in the long term. Currently, the initial members of the Lido DAO own 64% of LDO, which is currently locked up with a 1-year period and 1-year vest. A tiny portion is unlocked currently, and this portion includes a 0.4% airdrop to the first stakers. The token allocation is as follows:
- DAO Treasury: 36.32%
- Investors: 22.18%
- Initial Lido Developers: 20%
- Founders and Future Employees: 15%
- Validators and Signature Holders: 6.5%
This allocation captures a balanced form that aims at aligning incentives among the developers, investors, validators, and the community at large.

How to buy LDO on SunCrypto?
Purchasing LDO or any cryptocurrency in India is straightforward, but choosing a reliable exchange is crucial. SunCrypto emerges as a trusted platform in the Indian crypto market, adhering to regulatory standards and providing a secure trading environment. Here’s how you can buy and trade this coin easily:
- Download the SunCrypto app from the Google Play Store or the Apple App Store.
- Register and complete the KYC process, then link your bank account within the app.
- Deposit INR using IMPS or a bank transfer.
- Search Lido DAO in the INR market section and select it.
- Tap the “BUY” button, enter the desired purchase amount, and proceed by clicking “PAY.”
- Enter your MPIN to confirm and complete the transaction.
Once you’ve completed your purchase, you can check your holdings in the portfolio section.
Conclusion
With Lido DAO still controlling the Ethereum liquid staking market, LDO is one of the tokens that possesses true utility and control. It is a well-organized and interesting opportunity that should be explored by Indian investors interested in getting exposed to DeFi infrastructure. But once again, In any case, traders are advised to do their own research before investing their money.
Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.
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