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    Introduction

    Lido is a liquid staking solution for ETH 2.0. With Lido users stake their ETH without locking assets or maintaining infrastructure and receive stETH against it 1:1.

    The governance token of Lido DAO is LDO. LDO is an ERC-20 token which is also used to reward various DAO users the most important which rewarding stETH early stakers.

    This dashboard investigates who are the top LDO holders and how they received their tokens.

    Results

    The box below shows the number of wallets holding LDO on current date -2. At the time of writing about 16K unique addresses hold LDO.

    The graph and table below show the top 1% LDO holders.

    The first address is for Lido DAO treasury that is excluded from the rest of the analysis.

    The graph below shows the proportion of source of LDO that has been received by top 1% holders.

    We can see that the source of almost half of the tokens (48,2%) is Aragon Token Manager which is the reward distributer.

    Conclusion

    The data shows that top holders received LDO from airdrop and interestingly they hold the token for one and half a year.