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
-
Paxos Gains Full Approval From Singapore’s Monetary Authority for Digital Token Services
Paxos has secured full approval from the Monetary Authority... -
Token Launchpad Pump.Fun Overtakes Ethereum Blockchain With $2M in Daily Revenue to Take No. 1 Position
Please note that our privacy policy, terms of use, cookies, and do not sell my personal... -
Polkadot’s $245M Treasury Would Last 2 Years at Current Spending Rate
Marketing and outreach activities accounted for the biggest chunk of spending, with over $36 million spent...