1 LDO = ₺14.81 Turkish Lira 1 TRY Turkish Lira = 0.06750157 LDO
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View ChartTo improve the accessibility and adaptability of Proof of Stake (PoS) staking across several layer-1 and layer-2 blockchains, the industry-leading liquid staking protocol Lido was developed. Locked liquidity was a major issue with traditional PoS staking, but this fixes that.
When users stake their tokens in a DeFi protocol, they commit to keeping those tokens inaccessible until the staking period finishes. Because of this limitation, consumers are unable to reinvest their money in other options that could provide higher returns. The addition of liquidity to the staking procedure is how Lido gets around this problem.
Lido DAO, which is built on the Ethereum blockchain, allows users to stake their ETH without having to worry about custodial services seizing it. This means that users can stake their ETH and still spend it in its tokenized form on other DeFi platforms. Ethereum (ETH) becomes locked when staked on the Ethereum Beacon Chain. However, using Lido, these locked assets may be turned into liquid staking tokens, opening up new chances for income. By making staking more versatile, lucrative, and user-friendly, this innovation has increased retail involvement while simultaneously improving capital efficiency.
In place of top-down command and control, Lido uses a decentralised autonomous organisation (DAO) paradigm that is community-led and flat. Protocol improvements, strategic goals, treasury choices, and planned modifications to the DAO’s structure are all up for grabs when it comes to the protocol’s governance token, the Lido token (LDO).
Several notable figures in the cryptocurrency sector have voiced their support for the governance structure within the Lido ecosystem. Prominent entities such as Semantic Ventures, KR1, and P2P Capital are key participants, actively contributing to the development and future of the protocol.
There is a straightforward three-step method to understand how the platform operates:
Staking: The Lido Platform allows users to stake an unlimited amount of Ethereum. The staked Ethereum is sent to Lido.
Staking Ethereum (ETH) allows users to access sETH, a Lido DAO derivative token (liquid asset).
The sETH that users have access to can be staked across several DeFi protocols, which increases the yield and opens up new investment alternatives.
Trading LDO/TRY involves speculating on its price movement. Follow these steps to start:
Fund Your Account: Deposit TRY or LDO into your BTCC account.
Navigate to the Market: Go to the "Trade" section and select the LDO/TRY trading pair.
Analyze the Chart: Use our professional trading charts and indicators to inform your decision.
Place Your Trade Order:
To Buy (Go Long): If you believe the price will rise, place a buy order.
To Sell (Go Short): If you believe the price will fall, you can open a short position (available in derivatives trading like futures).
Set Order Parameters: Choose between Market, Limit, or Stop orders based on your strategy, enter the amount, and confirm the order.
Manage Your Trade: Monitor your open positions and use Stop-Loss/Take-Profit orders to manage risk automatically.
For detailed guides on each order type and risk management, please visit our Help Center
Yes, absolutely. BTCC supports multiple ways to gain exposure to Lido DAO(LDO) using TRY, from simple purchases to advanced trading strategies.
You can:
Buy Instantly: Use our "Buy Crypto" feature with a linked debit/credit card or bank transfer to purchase Lido DAO directly.
Trade on the Spot Market: Deposit TRY and place a buy order on the LDO/TRY spot trading pair using market or limit orders, taking direct ownership of the LDO.
Trade LDO/TRY Futures: For more advanced strategies, you can trade LDO/TRY perpetual or dated futures contracts. This allows you to speculate on Lido DAO's future price movements with leverage, enabling potential profits from both rising and falling markets without needing to hold the underlying asset directly.
To perform your LDO to TRY conversion on BTCC:
Access your account by signing in, or create a new BTCC account if needed.
Go to the trading interface and select the LDO/TRY trading pair.
Input the specific amount of Lido DAO you wish to sell.
Verify the displayed exchange rate and your final TRY total.
Confirm and finalize the sell transaction.
Following these steps, your TRY balance will be updated instantly.
Our converter tool is designed for quick calculations. Here's how to use it:
Locate the "Crypto Converter" section on our website or within the app.
Type the amount of LDO you want to convert into the first field.
The equivalent value in TRY will be instantly calculated and displayed in the second field, using the latest live market rate.
The LDO/TRY exchange rate is the current market price at which 1 Lido DAO(LDO) can be exchanged for TRY. In simpler terms, it tells you how many TRY one Lido DAO is worth at any given moment.
Currently, one Lido DAO is ₺14.81. The price of 1 Lido DAO(LDO) in TRY is constantly changing due to the 24/7 nature of the global cryptocurrency market. To get the live, real-time price, please check the market data section at the top of our platform or visit our dedicated LDO to TRY converter.