Singapore-based exchange giant Crypto.com is adding two small-cap altcoins to its roster amid a market-wide slump.
First up is Lido DAO (LDO), the governance token of decentralized staking platform Lido Finance which offers staking solutions across several popular blockchains.
Lido’s decentralized autonomous organization (DAO) grants holders of the Ethereum (ETH)-based token voting rights on project parameters, upgrades and staking protocols.
Back in March, the Silicon Valley-based investment firm Andreessen Horowitz revealed it was backing Lido because the project democratizes the proof-of-stake process by both making minimum deposit amounts attainable to everyday crypto investors as well as offering an alternative to relying on centralized exchanges.
Crypto.com says that LDO will be available for purchase using a variety of fiat currencies.
At time of writing, Lido DAO