If the deal gets approved, the Lido treasury will receive $29 million in the DAI stablecoin from investors.
20 million LDO tokens to cover the company’s operational expenses for two years.Lido Finance has started discussions on a
The Lido DAO currently holds $230 million in total within its treasury. This includes 157 million Lido DAO tokens , 20,940 ETH and 4930 staked ETH . The DAO only owns about $366 in stablecoins.will be the lead investor. “We believe Dragonfly and other strategic partners will be valuable to the future decentralization and growth of Lido’s ecosystem,” the proposal read.
Lido Finance is one of the largest liquid staking providers for proof-of-stake blockchains, including Ethereum's Beacon Chain, Solana, Polkadot and Cosmos. Liquid staking unlocks the value of staked crypto via staking derivative tokens that stakers can deploy on other DeFi protocols.
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