Lido is a liquid staking solution for Ethereum. Lido lets users stake their ETH - with no minimum deposits or maintaining of infrastructure - whilst participating in on-chain activities, e.g. lending, to compound returns.

LDO is the native utility token that is used for:

1)Granting governance rights in the Lido DAO.
2)Managing fee parameters and distribution.
3)Governing the addition and removal of Lido node operators.