Cryptocurrency Q&A
What is the Lido 10% fee?
What is the Lido 10% fee?
CryptoKnight
Mon May 13 2024
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5 answers
1131
Could you please explain what the Lido 10% fee refers to? I've heard about it in the context of cryptocurrency staking but I'm not entirely sure what it means or how it works. Is it a commission charged by the Lido platform for providing staking services? Or is it something else? Could you elaborate on the purpose of this fee and how it impacts stakers? Also, is this fee applicable to all staking activities on the Lido platform, or are there exceptions? Thank you for clarifying this matter for me.
5 answers
BonsaiVitality
Wed May 15 2024
Lido implements a 10% fee structure.
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CryptoConqueror
Wed May 15 2024
This fee applies to staking rewards.
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MysticGlider
Wed May 15 2024
The staking rewards are distributed between two entities: node operators and the DAO Treasury.
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ShintoMystical
Wed May 15 2024
Node operators are responsible for maintaining and securing the staking network.
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SolitudeSerenade
Tue May 14 2024
The DAO Treasury manages and utilizes the collected fees for the benefit of the decentralized autonomous organization.
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