Stakers deposit funds into Lido and receive a return on investment in the form of staking rewards (supply-side fees).

Lido is a non-custodial staking protocol built on Ethereum and other blockchains. Lido was founded by a pseudo-anonymous team and launched in 2020.

LDO tokenholders own and govern the protocol. They currently take a cut of the total staking rewards earned by the protocol (revenue). Lido’s investors include ParaFi Capital, Bitscale Capital, KR1, etc.

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Lido Finance

# Lido Finance Maximum token supply Methodology

## 1. Overview

The maximum token supply metric for Lido represents the theoretical maximum number of LDO tokens that can ever exist according to the protocol's governance parameters. This is a static value defined by the protocol's tokenomics design and does not change over time. The metric answers the business question: "What is the maximum possible supply of LDO tokens?" and is used for calculating metrics like market capitalization potential and token scarcity analysis.

## 2. Data sources

This metric is derived from protocol governance specifications rather than blockchain event data:
- **Protocol documentation**: Official Lido governance documentation defining maximum token supply parameters
- **Token contract specifications**: Smart contract parameters and governance decisions that establish the maximum mintable token supply
- **Protocol launch information**: Historical records of when the Lido protocol was deployed and tokens became available

## 3. Step-by-step calculation

### Component A: Static supply configuration
- **Purpose**: Define the maximum possible token supply as established by protocol governance
- **Logic**: The calculation uses a hardcoded maximum supply value of 1 billion LDO tokens (1,000,000,000). This value represents the absolute maximum number of tokens that can ever be minted according to the protocol's design. The metric is timestamped from the protocol launch date of December 17, 2020, when LDO tokens first became available.
- **Key fields**: The `token_supply_maximum` field contains the static value, `timestamp` marks the protocol launch date, and `timestamp_grain` is set to daily reporting intervals

### Final aggregation
- **Combining components**: Since this is a single static value, no combination of multiple components is required
- **Currency conversion**: No currency conversion is needed as this represents token quantity, not monetary value
- **Time aggregation**: The metric uses daily timestamp grain and applies a fill-forward strategy to ensure the maximum supply value is available for all dates from the launch date onward
- **Final calculation**: The final metric value is simply the static maximum supply of 1,000,000,000 LDO tokens, carried forward for all reporting periods since the protocol launch date

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Maximum number of tokens that can exist under the current token economics.

Lido FinanceLDO

Maximum token supply

Maximum token supply

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