The proposal was submitted by Lido DAO’s financial unit, Steakhouse Financial, and considers four treasury-related proposals, including whether the DAO should sell or stake the 20,304 ether (worth about $30 million) it holds in its treasury, diversify its stablecoin holdings and sell its protocol surplus of staked eth to finance operating expenses.
Related posts
-
RWA Startup Hamilton Tokenizes US Treasury Bills on Bitcoin L2 Solutions
Hamilton has announced the tokenization of U.S. Treasury bills on Bitcoin’s layer two (L2) platforms, stating... -
MEW Token Challenges Dog-Themed Memecoins on Solana Blockchain
Cat in a dog’s world (MEW) is a cryptocurrency project that... -
When Do Secondary Token Sales Violate Howey?
A federal judge overseeing the U.S. Securities and Exchange...