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Deciphering the Enigma: Lido Quiz Answers Exposed
Unraveling the Mysteries
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Crack the Code: Lido Quiz Answers Revealed
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- Question 1: What is the primary purpose of Lido?
- Answer: Lido aims to provide liquid staking for Ethereum 2.0, allowing users to stake their ETH and receive stETH tokens in return.
- Question 2: How does Lido ensure liquidity for staked assets?
- Answer: Lido utilizes a liquid staking protocol, enabling users to stake their assets while maintaining liquidity through staking derivatives.
- Question 3: What is the governance token of Lido?
- Answer: The governance token of Lido is LDO, empowering holders to participate in the decision-making process of the protocol.
- Question 4: How is stETH different from traditional ETH?
- Answer: stETH is a tokenized version of staked ETH, representing a user’s stake in the Ethereum 2.0 network while retaining liquidity.
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Conclusion
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