How to evaluate demand for Lido DAO
Demand for Lido DAO has two sides: use of the Lido staking service and interest in the LDO token. Compare deposits, holders, share by network and votes.
Vahe HakobyanEditor-in-chief
Updated Oct 6, 20263 min readFact-checked
On this page
- Lido deposits show service use, not token demand.
- Holder concentration matters as much as trading volume.
- Share differs by network, so one chain can mislead.
- Initial LDO unlocks are largely done; check vesting and treasury.
Lido lets people stake tokens without running a validator. LDO holders vote on how the protocol is run, and demand can come from people who use the staking service and from people who want the token.
What do you need before you start?
Lido has published staking dashboards, a governance forum and some on-chain votes since it launched in December 2020. LDO trades on major exchanges, where market pages show volume, order-book depth and the spread. Gather those pages before you compare anything, and write down the date range you will use.
How do you measure Lido DAO demand?
Measure the service and the token separately. Deposits and validators show use of Lido, while trading volume, liquidity and holder concentration show interest in LDO. The two can move apart, so treat each as its own signal.
- 1Check LDO market dataRead trading volume, order-book depth and the spread on exchange pages, and note holder concentration.
- 2Track staking depositsCheck Lido's dashboard for deposits and active validators, and record the date of each reading.
- 3Compare share by networkLido's market share differs by chain, so record each network separately instead of using one chain's data.
- 4Review supply changesInitial LDO unlocks have largely completed, so check any remaining vesting and treasury emissions.
- 5Read governance recordsRead proposals, votes and treasury reports, including inflows. Busy voting is not proof of lasting demand by itself.
- 6Compare with rivalsCompare Lido with other liquid staking services on deposits, and follow Ethereum staking trends.
What should you do after the review?
Write down what you found and when, so your notes stay comparable. Save the data you used, and keep your exchange and wallet accounts secure.
Frequently asked questions
LDO is mainly a governance token. Lido pays staking rewards in the staked token, not in LDO.
Lido DAO posts proposals on a public governance forum, and some votes are recorded on-chain.
The DAO and its working groups weigh technical fit, security and user demand, then holders vote.
Liquid staking is a way to stake tokens through a service and get back a tradable token for your position. That tradable claim matters for demand because users keep a position they can trade.
