Advertisement PDAX Banner

Lido (LDO) and Rocket Pool (RPL) Tokens Now Listed on Coins Pro Platform

Photo for the Article - Lido (LDO) and Rocket Pool (RPL) Tokens Now Listed on Coins Pro Platform

Subscribe to our newsletter!

[newsletter_form type=”minimal”]

Philippine crypto exchange Coins.ph has announced the listing of two new tokens – Lido DAO Token (LDO) and Rocket Pool (RPL), on its trading platform, Coins Pro. Coins Pro serves as an order book exchange that allows customers to buy and sell cryptocurrencies with each other.

Lido DAO Token (LDO) Overview

The Lido DAO Token (LDO) is the governance token of Lido Finance, a decentralized finance platform (DeFi) that enables users to participate in crypto staking without heavy hardware or extensive knowledge requirements.

Coins Pro LDO

Lido Finance: A liquid staking solution

Lido Finance offers a liquid staking solution for Ethereum (ETH), Solana (SOL), Polygon (MATIC), Polkadot (DOT), and Kusama (KSM). During the launch announcement of the Ethereum Shanghai Upgrade last January, $LDO’s price increased by 64%.

Governance and Use Cases

As a governance token, LDO holders can participate in governance by voting for proposals, with one vote recognized per LDO. The token also helps manage fee parameters and the addition or removal of nodes from the network.

Advertisement PDAX Banner

It is also an ERC-20 token with a 1,000,000,000 maximum supply. Currently, there are about 33,000 holders of a total of 845,998,268 LDO tokens. 

Rocket Pool (RPL) Overview

Rocket Pool (RPL) is the utility token of Rocket Pool, a decentralized Ethereum staking pool offering up to 4.33% APR for ETH2 staking. Users can join the Rocket Pool’s decentralized node operator network or run their own nodes for only 16 ETH.

Coins PH Rocket Pool RPL

rETH and RPL Tokens

Rocket Pool operates on a dual token model, rETH and RPL. 

rETH is a tokenized version of staked ETH in Rocket Pool, allowing users to stake from 0.01 ETH to 32 ETH. RPL, an ERC-20 token, incentivizes node operators for high uptime and discourages penalties by staking RPL to receive a higher share in protocol commissions.

Expanding Token Offerings on Coins Pro

With the addition of LDO and RPL on Coins Pro, the platform now offers a total of 28 tokens available in PHP pairs, while only two tokens, ETH and BTC, are available in the USDT pair.

The available tokens with PHP pairs include AAVE, APE, AXS, BCH, BTC, CHZ, ENJ, ETH, GALA, KNC, LINK, MANA, MATIC, MKR, SAND, SLP, UNI, USDC, USDT, XRP, YGG, SHIB, BLUR, BNB, DOGE, TRX, RPL, and LDO.

This article is published on BitPinas: Lido (LDO) and Rocket Pool (RPL) Tokens Now Listed on Coins Pro Platform

Disclaimer: BitPinas articles and its external content are not financial advice. The team serves to deliver independent, unbiased news to provide information for Philippine-crypto and beyond.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.