Token Economics
Reference protocol
ETHDEFIDec 2020design 0x7d7e…dce9Verified

LIDO $LDO

Liquid-staking governance token. 36% to the DAO treasury, 22% to founders + early team (1Y cliff + 1Y vest), 22% to investors, 6.5% to validators. Token-holder governance over a multibillion-dollar staking pool.

Fork this design→Verify source ↗

Total supply

1B LDO

fixed at launch

TGE circulating

6.5%

93.5% locked

Allocations

5

distinct line items

Launch

Dec 2020

Ethereum

Distribution
DAO TREASURY36.3%FOUNDERS + FUTURE EMPLOYEES20%INVESTORS22.2%INITIAL DEVELOPERS15%VALIDATORS + AIRDROPS6.5%
Schedule of allocations
  • 1
    Locked at TGEDAO TREASURY

    Lido DAO treasury. Funds grants, integrations, validator partnerships, security work.

    36.32%
    12 MO LIN
  • 2
    Locked at TGEFOUNDERS + FUTURE EMPLOYEES

    Initial founding team + reserved hire pool. 1-year vest with 1-year cliff after token transferability.

    20.00%
    12 MO CLIFF · 12 MO LIN
  • 3
    Locked at TGEINVESTORS

    Strategic backers (Paradigm, a16z, Three Arrows, Coinbase Ventures et al). Same vest as founders.

    22.18%
    12 MO CLIFF · 12 MO LIN
  • 4
    Locked at TGEINITIAL DEVELOPERS

    Early protocol developers and contributors.

    15.00%
    12 MO CLIFF · 12 MO LIN
  • 5
    VALIDATORS + AIRDROPS

    Reserved for early Lido validators and signal-spreader airdrops.

    6.50%
    100% TGE
Key takeaway

A high (36%) DAO treasury share funded the buyback + protocol-owned-validator programmes that defined liquid-staking economics post-2022.

Design notes
  • NON-TRANSFERABLE FOR FIRST ~9 MONTHS — GOVERNANCE FORMED BEFORE MARKETS DID.
  • INSIDER SHARE (~57%) IS HIGH BY MODERN STANDARDS BUT WAS NORMAL IN 2020.old-school cap table
  • LIDO STAKES >25% OF ALL ETH — GOVERNANCE STAKES ARE EXISTENTIAL.
Use as your starting point

Open the LIDO tokenomics in Token Economics, edit the allocations, change the vesting, see the sell pressure live. Free, no signup.

Fork this design →
Launching something similar?

3UILD has launched protocols like this. Audit, deploy, advise. Talk to a launch specialist.

Talk to 3UILD →
Other real projects
UNISWAP $UNIARBITRUM $ARBOPTIMISM $OPJITO $JTOETHENA $ENAPUDGY PENGUINS $PENGUWORLDCOIN $WLDMORPHO $MORPHOMAKERDAO $MKRGMX $GMXPENDLE $PENDLEAAVE $AAVEABRACADABRA $SPELLACALA $ACAACROSS $ACXAERODROME $AEROAETHIR $ATHAGILITY LSD $AGILITYALAYA AI $ALAYAAIALEX $ALEXALTLAYER $ALTANKR $ANKRAPECOIN $APEAPI3 $API3APTOS $APTARBITRUM $ARBARKHAM $ARKMASTER $ASTERASYMETRIX PROTOCOL $ASXAURA $AURAAVALANCHE $AVAXAXELAR NETWORK $AXLAXIE INFINITY $AXSBABYLON PROTOCOL $BABYBALANCER $BALBASESWAP $BASESWAPBASIC ATTENTION $BATBENDDAO $BENDBENQI $QIBERACHAIN $BERABIG TIME $BIGTIMEBITTENSOR $TAOBLAST $BLASTBLUEFIN $BLUEBLUR $BLURBONK $BONKBOUNCEBIT $BBCAMELOT $CAMELOTCANTO $CANTOCANTON $CANTONCARV $CARVCELESTIA $TIACELLANA FINANCE $CELLENAFINCELO $CELOCENTRIFUGE $CFGCETUS $CETUSCHAINFLIP $FLIPCHAINLINK $LINKCHEELEE $CHEELCLEARPOOL $CPOOLCLEVER $CLEVERCOMMON WEALTH $COMMONWEALCOMPOUND $COMPCONIC FINANCE $CONICFINANCONNEX $CONNEXCONTANGO $CONTANGOCONVEX $CVXCORE BRIDGE $CORECOWSWAP $COWCREDBULL $CREDBULLCURVE $CRVCYBERCONNECT $CYBERDEBRIDGE $DBRDEEPBOOK $DEEPDELYSIUM $AGIDESK $HMXDFX FINANCE $DFXDINERO $DINERODODO $DODODOGECOIN $DOGEDOGWIFHAT $WIFDOLOMITE $DOLODOUBLEZERO $2ZDRIFT $DRIFTDYDX $DYDXDYMENSION $DYMECHELON PRIME $PRIMEEIGENLAYER $EIGENENS $ENSEQUILIBRE $EQUILIBREETHEREUM $ETHETHEREX $ETHEREXETHER.FI $ETHFIEULER $EULEXACTLY $EXAFALCON FINANCE $FALCONFINAFANTOM $FTMFAST TOKEN $FTFEI PROTOCOL $FEIFILECOIN $FILFLARE $FLRFLASHSTAKE $FLASHFLOWSWAP $FLOWFLOWX FINANCE $FLOWXFINANFLUID $FLUIDFORTA $FORTFRAX $FXSFX PROTOCOL $FXGAIB $GAIBGEARBOX $GEARGEODNET $GEODGND PROTOCOL $GNDPROTOCOGOLDFINCH $GFIGOLEM NETWORK $GLMGRASS $GRASSGUNZ $GUNHASHFLOW $HFTHEDERA $HBARHELIUM $HNTHOLDSTATION $HOLDSTATIOHOP PROTOCOL $HOPHUMIDIFI $HUMIDIFIHYPERLIQUID $HYPEHYPHA $HYPHAHYPHEN $HYPHENIGNORE FUD $IGNOREFUDIMMUTABLE $IMXINFRARED FINANCE $IBGTINITIA $INITINJECTIVE ORDERBOOK $INJINTERNET COMPUTER $ICPIOTA $IOTAIPOR PROTOCOL $IPORJONES DAO $JONESJPEG'D $JPEGJUPITER $JUPKAITO $KAITOKAMINO $KMNOKODIAK $KDKKWENTA $KWENTAKYAN $KYANLAYER3 $L3LAYERBANK $LINEABANKLAYERZERO $ZROLEGACY NETWORK $LEGACYTOKELEVEL FINANCE $LVLLFJ $LFJLIGHTER $LIGHTERLIMITLESS EXCHANGE $LIMITLESS3LIQUITY $LQTYLISTA DAO $LISTALOMBARD $LBTCLOOKSRARE $LOOKSLYBRA FINANCE $LBRMAGIC EDEN $MEMAGPIE ECOSYSTEM $MAGPIEECOSMAHA.XYZ $MAHAMAIA DAO ECOSYSTEM $MAIAMANTA PACIFIC $MANTAMANTLE BRIDGE $MANTLEMANTRA DAO $OMMAPLE $MPLMAVERICK PROTOCOL $MAVMELANIA MEME $MELANIAMEMMEMECOIN $MEMEMERIDIAN $MERIDIANMERIT CIRCLE $BEAMMETARS GO $METARSGOMETEORA $METEORAMETIS $METISMOCA NETWORK $MOCAMODE BRIDGE $MODEMONAD $MONMOONBEAM $GLMRMOONWELL $WELLMORPHEUSAI $MORMOVEMENT $MOVEMURASAKI $MURASAKIMYRIA $MYRIAMYSHELL $MYSHELLNAVI PROTOCOL $NAVXNEAR $NEARNUMBERS PROTOCOL $NUMBERSPROOASYS $OASYSOFFICIAL TRUMP $TRUMPOMNI NETWORK $OMNIONCHAIN TRADE $ONCHAINTRAONDO $ONDOOPINION $OPINIONORCA $ORCAORDERLY $ORDEROSMOSIS $OSMOOVERNIGHT $OVERNIGHTPANCAKESWAP $CAKEPARETO $PRTPEAQ $PEAQPEPE $PEPEPERPETUAL PROTOCOL $PERPPHARAOH EXCHANGE $PHARPIKE $PIKEPINKSALE $PINKPLASMA $PLASMAPLEXUS $PLEXUSPLUME $PLUMEPOLKADOT $DOTPOLYGON BRIDGE $POLYGONBRIPOLYHEDRA $ZKJPORTAL $PORTALPRISMA FINANCE $PRISMAPUMP.FUN $PUMPPYTH $PYTHQIDAO $QIQUANTIXAI $QUANTIXAIQUICKSWAP $QUICKRADIANT $RDNTRARIBLE $RARIRAYDIUM $RAYREDBELLY NETWORK $REDBELLYNEREDSTONE FINANCE $REDRENZO $REZRESOLV $RESOLVRESUPPLY $RESUPPLYRHEA FINANCE $REFRIBBON FINANCE $RBNRIVER $RIVERROCKET POOL $RPLRONIN $RONSAFE $SAFESAGA $SAGASALTY.IO $SALTSANCTUM $CLOUDSAUCERSWAP $SAUCESCALLOP $SCASEI $SEISHADOW EXCHANGE $SHADOWSHIBA INU $SHIBSILO FINANCE $SILOSKY $SKYSMARDEX ECOSYSTEM $SDEXSOLANA $SOLSOLAYER $LAYERSONIC $SSPACEFI $SPACEFISPARK $SPKSPECTRA $SPCTSTABLE $STABLESTADER $SDSTAKESTONE $STOSTAKEWISE $STAKEWISESTARGATE $STGSTARKNET $STRKSTELLA $STELLASTEPN $GMTSTORY $IPSTREAMFLOW $STREAMFLOWSTRYKE $STRYKESUI $SUISUILEND PROTOCOL $SUILENDSUN $SUNSUPERFARM $SUPERFARMSUPERRARE $SUPERRARESUSHISWAP $SUSHISWELL $SWELLSYNFUTURES $FSYNTHETIX $SNXSYNTHSWAP $SYNTHSWAPTANGIBLE $TANGIBLETECTONIC $TECTONICTENSOR $TENSORTEZOS $XTZTHALA $THLTHE GRAPH $GRTTHENA $THETHORCHAIN $RUNETHORSWAP $THORTOKENLON $LONTHE OPEN NETWORK $TONTORNADO CASH $TORNTRANCHESS $CHESSTRON $TRXTRUEFI $TRUUSUAL $USUALUWU LEND $UWUUXD $UXDUXLINK $UXLINKVALAS FINANCE $VALASFINANVANA $VANAVECTOR FINANCE $VECTORFINAVELA EXCHANGE $VELAVELO FINANCE $VELOVELODROME $VELOVELORA $VELORAVENUS $XVSVIRTUALS PROTOCOL $VIRTUALVVS FINANCE $VVSWALRUS PROTOCOL $WALWHITEBIT $WBTWOMBEX FINANCE $WMXWOOFI $WOOWORLD OF DYPIANS $WODX2Y2 $X2Y2XAI BRIDGE $XAIBRIDGEXDC NETWORK $XDCNETWORKY2K FINANCE $Y2KYEARN $YFIYIELD BASIS $YBZEALOUSSWAP $ZEALZETACHAIN $ZETAZKSWAP FINANCE $ZKSZKSYNC $ZKZORA PROTOCOL $ZORAZYBERSWAP $ZYB