21Shares Makes It Easy For Users To Access Liquid Staking On LidoDAO With New ETP
- The Lido DAO ETP has been launched by 21Shares.
- This product provides investors with a one-of-a-kind single-asset exposure to Lido DAO, the market-leading liquid staking solution for PoS blockchains like as Ethereum, Polygon, and Solana.
- The objective of Lido is to make staking easy, secure, and decentralized.
21Shares, a supplier of crypto exchange-traded products (ETP), has offered a mechanism for conventional investors to obtain exposure to the LidoDAO, providing single-asset exposure to the biggest player in the liquid-staking ecosystem.
This offering, according to the company, provides investors with a first-of-its-kind single asset exposure to Lido DAO, the market-leading liquid staking solution for different Proof-of-Stake (PoS) blockchains including Ethereum, Polygon, and Solana.
The objective of Lido is to make staking easy, safe, and decentralized. It does this by allowing users to stake their assets in exchange for an equivalent quantity of staked tokens (stTokens), which accumulate staking incentives. These stTokens may subsequently be exchanged on the secondary market and employed in DeFi apps, a method is known as liquid staking.
Liquid staking enables users to reap the advantages of staking without having to deal with lock-up periods or large minimum staking quantities, which may put staking out of reach for many ordinary investors. Investors may obtain exposure to the expansion of liquid staking via an ETP that is fully collateralized and has institutional-grade security and custody solutions with the 21Shares Lido DAO ETP.
The ETP presently has $100,000 in assets under management (AUM), compared to 21Shares’ total AUM of more than $1.1 billion. According to Arthur Krause, Director of ETP Product at 21Shares:
“The 21Shares Lido DAO ETP was launched to offer investors exposure to liquid staking, one of the fastest-growing segments in the digital asset space. Lido DAO’s position as a pioneer and market-leader make this an ideal entry point for investors looking to participate in the growth of this important sector.”
The products are available to the general public in 22 European Union nations, including France, Germany, and Portugal, and they are traded on many platforms, including the SIX Swiss Exchange, the BX Exchange, and the Stuttgart Exchange.
21Shares has rated this product “high risk” in numerous areas, including market risk owing to a lack of capital protection, regulatory risk, secondary market risk, the danger of an exceptional event occurring, and the risk of a sudden shift in the value of a crypto asset dropping to zero.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your research before investing.
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