What is Lido (LDO)?

Lido is a liquid staking solution for Ethereum that allows users to stake their ETH with no minimum deposits .Users can participate in on-chain activities, like lending, to compound returns while their ETH is staked.

The native utility for the Lido DAO is LDO and can be used for:

  • Granting governance rights in the Lido DAO.
  • Managing fee parameters and distribution.
  • Governing the addition and removal of Lido node operators.

What is Optimism (OP)?

Optimism (OP) is a layer-two blockchain on top of Ethereum. Optimism uses the security of the Ethereum mainnet to help scale the Ethereum ecosystem using optimistic rollups. Transactions are trustlessly recorded on Optimism but secured on Ethereum.

It is one of the biggest scaling solutions for Ethereum and is home to 35 protocols, including Synthetix (SNX), Uniswap (UNI), and Velodrome (VELO).

How does Optimism work?

Optimism’s design process is built around the idea of long-term sustainability and not taking shortcuts to scalability. Blocks are constructed and executed on the L2 (Optimism), while user transactions are batched up and submitted to the L1 (Ethereum). The L2 has no mempool, and transactions are immediately accepted or rejected.

Transactions are submitted to Ethereum without direct proof of validity and can be challenged for a certain period of time. After that, a transaction is considered final.

What can you do with LDO and OP on Coinhako?

1. Trade LDO and OP directly with Singapore Dollars (SGD) 🇸🇬

With OP/SGD trading pairs available on Coinhako, our Singapore users will be able to buy & sell LDO and OP in Singapore Dollars (SGD) when they fund their accounts with SGD.

2. Trade LDO and OP directly with US Dollars (USD) 🇺🇸

The OP/USD and LDO/USD trading pair LDO and OP prices against the United States Dollar (USD), and our Singapore users will be able to buy & sell LDO and OP when they fund their accounts with USD.

3. LDO and OP swaps (Crypto-to-crypto trading)

Coinhako users will also be able to trade LDO and OP with other cryptocurrencies that are supported in their countries, with our Swap function.

4. Get the latest LDO and OP price news on Coinhako 🚨

As with every other supported token on Coinhako, we endeavour to update our users on key news about each project through our various channels.

The Coinhako platform also features a News Feed section where you will be able to receive all the latest updates on both tokens.

5. Buy LDO and OP instantly with debit and credit card

Beat the deposit queue and buy both tokens instantly when you pay by card.

6. Buy LDO and OP instantly with GrabPay

Connect your GrabPay wallet and fund your LDO and OP trades instantly.

Disclaimer: All writers’ opinions are their own and do not constitute financial advice. As a company, we do our best to provide information that is accurate and valuable. The contents of this blog post are intended for educational purposes only. Individuals are advised to perform due diligence before purchasing any cryptocurrencies as these assets are subject to high volatility, and understand the risks associated with trading cryptocurrencies.
📩 Sign-up to Subscribe to our mailing list to have them delivered straight to your inbox!

👉 Join our Telegram community

🤔If you have any enquiries, you may contact us here or you can visit our Information Page.

Copyright © Coinhako 2022 All Rights Reserved. Read more on our terms of use of this blog.

All opinions expressed here by Coinhako.com are intended for educational purposes, taken from the research and experiences of the writers of the platform, and should not be taken as investment or financial advice.