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19 Dec 2022
For Beginners

How To Trade $LDO Tokens

Sushi is a DEX, we're a one-stop shop for all your decentralized finance needs.

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Be a Crypto Chef with SushiSwap!
Sushi is one of the most used decentralized exchanges, deployed on 10+ blockchains, and supporting thousands of tokens. You can trade, earn, stack yields, lend, borrow, leverage all on one decentralized, community driven platform. Welcome to the home of DeFi: https://sushi.com/

💡What is $LDO?

LDO is the ERC-20 governance token for Lido Finance, an Ethereum 2.0 staking service platform. Holding LDO tokens gives users the right to participate in the Lido DAO community governance and vote on important decisions. The voting power of each member is determined by the amount of LDO tokens they have staked.

Read more here.


🌕 A step by step guide on how to buy $LDO on the Ethereum network:

  1. Get the Metamask wallet browser extension at http://metamask.io/.
  2. Buy $ETH at any fiat-token gateway and send $ETH to your Metamask ETH wallet address.
  3. Head over to sushi.com/swap page, click on “Connect Wallet” on the top right corner. Select Ethereum Mainnet on the drop down menu.
    Schermafbeelding%202022-12-09%20om%2010.31.13.png
    Schermafbeelding%202022-12-09%20om%2010.29.23.png
  4. On the top left corner of the swap window, select “Swap”
    Schermafbeelding 2022-12-19 om 02.01.34.png
  5. Select LDO on the bottom half of the Swap window and input the amount you wish to purchase, click on “Swap”.
    Schermafbeelding%202022-12-09%20om%2022.54.34.png
  6. Confirm your swap.
    Schermafbeelding%202022-12-09%20om%2022.54.39.png
    Schermafbeelding%202022-12-09%20om%2022.54.48.png
  7. Add $LDO tokens to your Metamask.
  8. Congratulations! You have just successfully purchased $LDO tokens.

🤝 How to sell your $LDO to $ETH or Stablecoins

  1. Head over to sushi.com/swap page, click on “Connect Wallet” on the top right corner. Select Ethereum Mainnet on the drop down menu.
    Schermafbeelding%202022-12-09%20om%2010.31.13.png
    Schermafbeelding%202022-12-09%20om%2010.29.23.png
  2. On the top left corner of the swap window, select “Swap”.
    Schermafbeelding 2022-12-19 om 02.01.34.png
  3. Select LDO on the upper half of the Swap window and input the amount you wish to sell to $ETH or Stablecoins & Click on ‘Swap’.
    Schermafbeelding%202022-12-09%20om%2022.55.07.png
  4. Confirm your swap.
  5. Voila! You have successfully sold your $LDO to $ETH.

💬 Still have questions?

Hit us up on Discord or on Twitter.

Sushi is building a comprehensive DeFi ecosystem! Follow our socials to keep up with our product launches and find out more on how you can make the most of your cryptocurrency assets with Sushi’s secure and powerful DeFi tools!

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