The Lido Finance platform community проголосовало against the proposal to sell 10 million LDO tokens to venture firm Dragonfly Capital.
«DAO aims to establish a position in the DAI stablecoin in exchange for 1% of the LDO issuance (10 million tokens) at a price of $1.452153, for a total value of $14,521,530 DAI», — as described in the proposal.
The vote ran from July 21 to 25. About 600 DAO members participated. ‘Against’ voted 43 million LDO (66.61%).
The proposed token sale was part of Lido’s treasury diversification plan. It envisaged the sale of 20 million LDO, of which half would go to Dragonfly Capital. There would be no lockup-period.
The current size of assets in Lido’s treasury amounts to $223.3 million, including:
- 157.8 million LDO worth $216 million;
- 20,940 ETH ($29.7 million);
- 5,113 stETH ($7.11 million).
In June, the project’s community proposed limiting the protocol’s share in the Ethereum 2.0 staking pool.
Earlier the Lido Finance team announced the launch of liquid staking on L2 solutions for Ethereum.
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