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Convert
Korean Won (KRW) to Lido DAO Token (LDO) Instantly

Purchase Lido DAO Token (LDO) with Korean Won (KRW) easily at Switchere and benefit from fast, secure transactions.

About
Lido DAO Token (LDO)

Lido DAO (LDO) is a decentralized autonomous organization that provides a critical liquid staking solution for Proof-of-Stake (PoS) blockchain networks, most notably Ethereum, while also supporting others like Polygon and Solana. The protocol addresses the inherent illiquidity problem of traditional staking, where users' digital assets are typically locked and inaccessible for the duration of the staking period. By utilizing Lido's smart contracts, users can stake their PoS tokens and receive a corresponding liquid token—st[Asset] (e.g., stETH for Ethereum, stMATIC for Polygon)—representing their staked principal plus accrued staking rewards and consensus mechanism contributions. This innovation in blockchain technology allows for participation in network security without sacrificing capital mobility.

The core technology behind Lido ensures that these st[Asset] tokens remain liquid and can be freely traded, lent, or utilized as collateral across various DeFi applications. This enhances capital efficiency within the Web3 infrastructure, allowing stakers to simultaneously earn staking rewards and engage in other yield-generating opportunities. Lido's architecture relies on a distributed network of professional node operators to manage the underlying staked assets, with risks and rewards shared. The platform's parameters, upgrades, and operator selections are governed by the Lido DAO, ensuring a community-driven approach to its evolution and security within the decentralized network.

The LDO token is the native utility and governance token of the Lido DAO. Its primary function is to grant holders voting rights on crucial protocol decisions, such as adjusting fees, approving new node operators, allocating treasury funds, and implementing upgrades to the smart contract system. Through this on-chain governance model, LDO token holders actively shape the direction and risk parameters of this leading liquid staking protocol. Lido has become a foundational element for staking derivatives, significantly improving the tokenomics and user experience for participants in PoS ecosystems by unlocking liquidity from otherwise locked digital assets.

Lido DAO Token (LDO)

How to Buy Lido DAO Token (LDO)

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  1. Step 1 illustration
    01

    Choose KRW to LDO Pair

    Select your preferred payment method and enter the amount.

  2. 02

    Enter Your Lido DAO Token Wallet Address

    Provide your LDO wallet address and proceed with the payment.

  3. 03

    Receive Your Lido DAO Token

    Complete the payment, and your LDO will be sent to your wallet.

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Frequently asked questions

  • What is the KRW/LDO trading pair and what is its role in DeFi?

    The KRW/LDO pair allows you to directly purchase Lido DAO's governance token (LDO) using Korean Won. This is significant as it provides a fiat on-ramp into the governance of Lido Finance, a leading liquid staking protocol. LDO token holders can vote on key protocol parameters, influencing the future of liquid staking derivatives like stETH on Proof-of-Stake blockchains.
  • Which South Korean exchanges support KRW to LDO purchases and what is required?

    Major regulated South Korean cryptocurrency exchanges that have high trading volume often list the KRW/LDO pair. To purchase, you'll need to complete a full KYC/AML (Know Your Customer/Anti-Money Laundering) verification process. This typically involves linking a real-name Korean bank account, which you will use to deposit KRW into your exchange wallet before you can place an order on the LDO order book.
  • What is the primary function of the LDO token I acquire with KRW?

    The primary function of the LDO token is DAO governance. Holding LDO grants you voting power within the Lido DAO (Decentralized Autonomous Organization). This allows you to participate in decisions regarding the Lido protocol's fee structures, onboarding new node operators, and directing treasury funds. It is not a staking token that earns yield directly; rather, its value is tied to the success and governance of the entire Lido liquid staking ecosystem.
  • How does the success of liquid staking derivatives like stETH impact the KRW/LDO valuation?

    The valuation of LDO is strongly correlated with the adoption and total value locked (TVL) in the Lido protocol. As more users stake ETH to receive stETH, a liquid staking derivative, the protocol generates more fees. A portion of these fees goes to the Lido DAO treasury, which is controlled by LDO holders. Therefore, increased demand for stETH and other Lido-issued assets can positively influence the fundamental value of LDO, which in turn affects its price against the Korean Won (KRW) on exchanges.
  • What are the typical fees when trading KRW for LDO?

    When trading KRW for LDO, you can expect several types of fees. First, a deposit fee for funding your account with KRW, though this is often minimal or free for bank transfers. Second, a trading fee on the cryptocurrency exchange, which is usually a small percentage of the transaction value and can differ for market 'makers' and 'takers'. Finally, if you move your LDO to a private digital wallet, you will incur a withdrawal fee, which is a network transaction fee (gas fee) to process the transfer on the Ethereum blockchain.
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