{"id":41930,"date":"2021-05-05T13:15:10","date_gmt":"2021-05-05T10:15:10","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=41930"},"modified":"2025-08-30T20:59:16","modified_gmt":"2025-08-30T17:59:16","slug":"paradigm-transfers-15120-eth-to-lido-dao-under-token-buyback-agreement","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/paradigm-transfers-15120-eth-to-lido-dao-under-token-buyback-agreement\/","title":{"rendered":"Paradigm transfers 15,120 ETH to Lido DAO under token buyback agreement"},"content":{"rendered":"<p>Investment firm Paradigm sent 15,120 ETH to the Lido DAO treasury as part of a proposal to buy back 10% of the DeFi project&#8217;s token issuance, according to Arjun Balaji, a partner at the firm.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">.<a href=\"https:\/\/twitter.com\/paradigm?ref_src=twsrc%5Etfw\">@paradigm<\/a> has transferred 15,120 ETH to LidoDAO as a part of the LDO Treasury Diversification proposal \ud83c\udfdd <a href=\"https:\/\/t.co\/WIZHxj8v5e\">https:\/\/t.co\/WIZHxj8v5e<\/a><\/p>\n<p>\u2014 Arjun Balaji (@arjunblj) <a href=\"https:\/\/twitter.com\/arjunblj\/status\/1389787489297121281?ref_src=twsrc%5Etfw\">May 5, 2021<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The <a href=\"https:\/\/forklog.com\/en\/news\/paradigm-hedge-fund-and-partners-to-buy-10-of-lido-tokens\">envisaged the sale of 100 million LDO<\/a> to Paradigm hedge fund and other strategic partners. The decision <a href=\"https:\/\/snapshot.vote\/#\/lido-snapshot.eth\/proposal\/QmTR46STEjdRwmCKJjDThXXekKJHbhuiUHaXqDJqry3KqK\" target=\"_blank\" rel=\"noreferrer noopener\">received 100% support<\/a>.<\/p>\n<p>Paradigm is buying back 70 million LDO. The amount transferred in Ethereum, at the time of writing, was valued at nearly $51 million.<\/p>\n<p>According to <a href=\"https:\/\/www.coingecko.com\/en\/coins\/lido-dao\">CoinGecko<\/a>, the Lido token is trading around $2.37. The value of the coins Paradigm would receive is $165.9 million. At the close of voting on the proposal, the quotes were a little above $1.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"578\" height=\"373\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/Lido-DAO-price-LDO-price-index-chart-and-info-CoinGecko-Google-Chrome.jpg\" alt=\"Paradigm \u043f\u0435\u0440\u0435\u0432\u0435\u043b\u0430 Lido 15 120 ETH \u0432 \u0440\u0430\u043c\u043a\u0430\u0445 \u0441\u043e\u0433\u043b\u0430\u0448\u0435\u043d\u0438\u044f \u043e \u0432\u044b\u043a\u0443\u043f\u0435 \u0442\u043e\u043a\u0435\u043d\u043e\u0432 \u043f\u0440\u043e\u0435\u043a\u0442\u0430\" class=\"wp-image-133988\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/Lido-DAO-price-LDO-price-index-chart-and-info-CoinGecko-Google-Chrome.jpg 578w, https:\/\/forklog.com\/wp-content\/uploads\/Lido-DAO-price-LDO-price-index-chart-and-info-CoinGecko-Google-Chrome-300x194.jpg 300w\" sizes=\"auto, (max-width: 578px) 100vw, 578px\" \/><figcaption>Data: CoinGecko.<\/figcaption><\/figure>\n<p>The repurchased tokens will be locked for one year, after which the lock-up will unwind gradually on a linear schedule.<\/p>\n<p>Earlier, in December, Lido <a href=\"https:\/\/forklog.com\/en\/news\/lido-finance-raises-2-million-to-advance-ethereum-2-0-infrastructure\">attracted $2 million in investments<\/a> from Semantic Ventures, ParaFi Capital, Terra, Stakefish and Staking Facilities.<\/p>\n<p>In February, <a href=\"https:\/\/forklog.com\/en\/news\/unslashed-finance-insures-lido-finance-staking-clients-on-ethereum-2-0\">the project joined a partnership with the DeFi protocol Unslashed Finance<\/a> to insure users against penalties for incorrect block validations in the Ethereum 2.0 network.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Venture firm Paradigm sent 15,120 ETH to the Lido DAO treasury as part of a proposal to buy back 10% of the DeFi project&#8217;s token issuance, said the firm&#8217;s investment partner Arjun Balaji.<\/p>\n","protected":false},"author":1,"featured_media":41931,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1093,1387,1608],"class_list":["post-41930","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-defi","tag-lido","tag-paradigm"],"aioseo_notices":[],"amp_enabled":true,"views":"15","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/41930","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=41930"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/41930\/revisions"}],"predecessor-version":[{"id":41932,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/41930\/revisions\/41932"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/41931"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=41930"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=41930"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=41930"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}