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Today December 01
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Cardano


A Focus on Cardano Staking: Part II: LIDO, lidonation.com, & PhuffyCoin

Welcome back! In part one of this series, we discussed Proof-of-Stake blockchains, how most work, and some essential details that differentiate the Cardano Blockchain. We went on to mention why it's a great but time-sensitive moment for the LIDO pool––check out our recent news release on the topic below.

Today we'll share a few next steps for our staking learners and look at some of what the Lido team has been up to. We'll end with PhuffyCoin: the heart of Lido. As we do, we'll remind you that just like with any new tool, it will require participation and practice before we can begin to uncover its possibilities.

Cardano Staking with a LIDO twist

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Unmatched Support
We provide phone and email support for all of our delegates. We understand that many of our community members are not tech or crypto nerds. You expect the same level of service and support you get from Reggie down at the bank or Saiid, your nephew or friend at the office that won't stop talking about Bitcoin. We host weekly meetups (currently online due to Covid). Visit our connect page for all the ways you can reach us.
Best in class servers
Our servers are run and managed by professionals whose only job is to manage and run servers 24/7 365/6 days a year. We run our Cardano nodes on the same servers powering other services you've come to rely on everyday, like Google and Pokemon Go. What this means for you is that our servers are always online and available to process transactions, earning you and the causes we support the optimal amount of $$$$. Visit our pool page for more technical details.
4% for community development and investment
Of all the rewards that come in, we keep 4% annually. All 4% goes towards charities you pick, paying LIDO nation community members like yourself to write code and content for the site, and grants for local community educational projects. See our financials page for full records of our spending, more details, and breakdowns.
An Amazing Community
When you delegate and join LIDO Nation, you get to participate in creating a space for people to interact, meet, learn, and teach each other. You get to be part of the engine that works to make every voice heard with equal importance. LIDO Nation is an idea. Delegate, take it and lets make something great!
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