CoinIvy

Market weather: green · Bitcoin above its 20-week average (31 Oct 2026)

Lido DAOLDO

The governance token of Lido, the largest liquid-staking protocol for ETH.

Rank #142Since December 2020
Price on 31 Oct 2026
C$0.4689 -3.1% since 31 Jul 2026 · 95.0% below its all-time high

The short version

Lido lets users stake ETH and receive stETH, and is the largest Ethereum liquid-staking protocol with US$21.8B deposited; LDO is its governance token. Lido's terms are governed by Cayman Islands law and name no company. A buyback programme called NEST went live on 10 Aug 2026 but had bought no LDO by late October, because it buys only when ETH is above about US$2,668. On 31 Oct 2026 one LDO cost C$0.4689. From 31 Jul 2026 to 31 Oct 2026 its price changed -3.1% in Canadian dollars, and it was 95.0% below its all-time high of C$9.43 set on 20 Aug 2021.[1]

Checked 31 Oct 2026 · 17 sources · next update about 1 Dec 2026

Price, past year

Past year: high C$1.24 (2 Nov 2025) · low C$0.3411 (1 Jul 2026) · -61.3%[1]

Month-end prices (table)
DateC$US$
31 Oct 2026C$0.4714US$0.3377
30 Sep 2026C$0.6642US$0.4666
31 Aug 2026C$0.4886US$0.3523
31 Jul 2026C$0.5177US$0.3690
30 Jun 2026C$0.3581US$0.2521
31 May 2026C$0.4470US$0.3240
30 Apr 2026C$0.5071US$0.3735
31 Mar 2026C$0.4414US$0.3175
28 Feb 2026C$0.6974US$0.5099
31 Jan 2026C$0.8044US$0.5962
31 Dec 2025C$0.8055US$0.5882
30 Nov 2025C$0.9122US$0.6504

Daily prices from CoinGecko; C$ converted at the Bank of Canada daily rate. The latest point is live when available. Past prices, not a forecast.

Choose what to see

Key facts

Price, 31 Oct 2026
C$0.4689[1]
3-month change
-3.1% in C$ (31 Jul 2026 to 31 Oct 2026)[1]
From its high
95.0% below its high of C$9.43 (20 Aug 2021)[1]
Market rank
#142, market value about C$388.6M[1]
Kind
Token · Ethereum (ERC-20)
Started
December 2020

Checks: the same 9 questions for every coin

Facts, not a rating
Can an admin key create new coins?NoOnly a passed DAO vote can mint, through the Token Manager; supply is 1 billion[2, 3, 4]
Can anyone freeze or take coins from holders?YesA Mar 2022 DAO vote burned 3.69M LDO from a compromised investor wallet; votes can repeat it[5, 2]
Can the token's contract code be changed?NoFixed contract code on Ethereum, not a proxy[4]
Is the supply capped?NoNo published maximum; total supply has stayed at 1 billion[6, 4]
Any scheduled unlocks in the next 12 months?NoVesting ended; treasury LDO moves only by DAO vote[7]
Does a team or foundation hold over 10% of supply?YesThe treasury holds about 170M LDO, 17% of supply[6]
Do network fees reach coin holders?YesDefiLlama counts US$7.1M to holders in a year; NEST has bought none since Aug[8, 9]
Main network hacked or halted in the past 2 years?NoNo exploit of Lido contracts in DefiLlama's records[10]
Is a regulator or court case targeting the coin itself?NoNo regulator or prosecutor action found[11]

Each answer is a fact with a source, not a score. What each check means.

Who controls it

Run by
Lido DAO (LDO holders); terms under Cayman Islands law name no company[12]
Founders
Vasiliy Shapovalov and Konstantin Lomashuk (P2P Validator)[13]
Backers
Paradigm-led US$73M (2021); a16z US$70M (2022)[14]
Token powers
A DAO-run Token Manager controls LDO; DAO votes can mint new LDO or grant rights to burn holders' LDO[2, 3]

Supply

In circulation
829.57M LDO of a 1.00B maximum (83.0%)[1]
Fully diluted value
1.21 times its current market value[1]
Allocation
Investors 22.2%, developers 20%, founders and staff 15%, validators 6.5%, treasury 36.3%[14]
Vesting
Ended Dec 2022; last investor tranche Mar 2024; nothing scheduled[7]
Treasury
About 170M LDO outside circulation, mostly treasury; moves only by DAO vote[6]

Use and fees

Fees
US$594M over the past year; US$7.1M to holders, none in the last 30 days[8]
NEST buyback
Live since 10 Aug 2026; buys only when ETH is above about US$2,668[9]

Trading

Daily trading
About C$64.8M a day on average, 31 Jul 2026 to 31 Oct 2026[1]
Daily turnover
Typically 14.26% of its market value changes hands each day[1]
20-week average
5.4% below its 20-week average price[1]
1-year change
-61.6% in C$[1][15]

History

Not a forecast

Coins ranked 51-200 at this point in past cycles (12-14 months after a Bitcoin peak), one year later: 4,050 cases, 612 coins

39% were higher a year later[16]

Typical result
Median -25% after a year; 45% higher after two years
Lost half or more
38% within a year
Against Bitcoin
12% did better than Bitcoin over the year

History, not a forecast.

Red flags and things to watch

1 red flag found
  • Red flag: On 23 Mar 2022 a Lido DAO vote burned 3,691,500 LDO from a compromised investor wallet, at the investor's request; DAO votes can grant this burn power again.[5, 2]
  • A proposal to tie NEST's buyback threshold to a 2027 budget of about US$30M goes with the grant request in late Nov 2026.[9]
  • Community proposals on 23 and 27 Oct 2026 demanded a two-year financial audit and payroll transparency.[17, 11]
  • Lido unveiled a lending product, Lido Lend, on 30 Oct 2026.[11]

Checked: admin keys, contract upgrades, unlocks, insider supply, hacks, legal actions and claims against records.

Sources and dates

  1. CoinGecko market data, 31 Oct 2026
  2. Blockscout (Lido ACL permission log), 1 Nov 2026
  3. Blockscout (LDO token code), 1 Nov 2026
  4. GoPlus token security, 1 Nov 2026
  5. Lido research forum (vote 119 burn), Mar 2022
  6. CoinMarketCap coin page, 31 Oct 2026
  7. DefiLlama unlocks (Lido)
  8. DefiLlama fees and revenue, 31 Oct 2026
  9. Lido research forum (NEST threshold), Oct 2026
  10. DefiLlama hacks, 31 Oct 2026
  11. CoinMarketCap AI updates (Lido), Oct 2026
  12. Lido terms of use
  13. CryptoRank (Lido team)
  14. Dropstab (Lido vesting), Oct 2026
  15. Bank of Canada USD/CAD rate, 31 Oct 2025
  16. CoinIvy history data: CoinMarketCap weekly rankings 2013-2026, dead coins included
  17. Lido research forum, Oct 2026

Facts as of 31 Oct 2026. Prices from CoinGecko in Canadian and US dollars; US$ figures without a C$ price are converted at 1.3976 C$ per US$.