{"id":74147,"date":"2023-02-15T17:59:53","date_gmt":"2023-02-15T15:59:53","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=74147"},"modified":"2025-09-09T18:24:28","modified_gmt":"2025-09-09T15:24:28","slug":"lido-token-climbs-16-after-grant-distribution-vote-for-22-million-ldo","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/lido-token-climbs-16-after-grant-distribution-vote-for-22-million-ldo\/","title":{"rendered":"Lido token climbs 16% after grant-distribution vote for 22 million LDO"},"content":{"rendered":"<p>The DeFi project Lido Finance community backed the new grant-distribution system for ecosystem projects. The Lido DAO token (LDO) rose 16% in 24 hours.<\/p>\n<figure class=\\\"wp-block-image\\\"><img decoding=\\\"async\\\" src=\\\"https:\/\/lh5.googleusercontent.com\/LW97jp8I643fJq7iADR-cV3THpAl9DuvzAvO7w9HQYzUPKWbI0uuBS1jziglTnTV3VxIZp_YgqIMFDDv6KkgkDEmyELwyBH8Sx-wus5MUj3Yyu01GpNhWFut02IunqfApfnSnoCuiKKiew7TD6AAvw8\\\" alt=\\\"Lido token climbs 16% after grant-distribution vote for 22 million LDO\\\"\/><figcaption>Data: CoinGecko.<\/figcaption><\/figure>\n<p>Under the proposal approved by nearly 100% of votes, 22 million LDO will be distributed over four years. Payouts will be made via <a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-multisignature-what-is-a-ring-signature\">multisig<\/a>-wallets.<\/p>\n<p>Among the improvements adopted:<\/p>\n<ul class=\\\"wp-block-list\\\">\n<li>creating a universal structure for grant accounting;<\/li>\n<li>increasing the number of independent participants in decision-making;<\/li>\n<li>waiving liability for former initiative participants who could not fulfil obligations.<\/li>\n<\/ul>\n<p>The aims of the governance proposal were stated as:<\/p>\n<ul class=\\\"wp-block-list\\\">\n<li>harmonisation and simplification of agreements;<\/li>\n<li>strengthening decentralisation;<\/li>\n<li>independence of grants from the time, resources or effectiveness of projects;<\/li>\n<li>the principle of voluntary participation for donors in the programme.<\/li>\n<\/ul>\n<p>The developers noted that during discussions, the majority of programme participants confirmed their willingness to continue the programme and allocate resources.<\/p>\n<p>As reported in February, Lido <a href=\"https:\/\/forklog.com\/en\/news\/lido-developers-unveil-details-of-a-new-protocol-version\">announced<\/a> the release of a new version of the protocol.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The DeFi project Lido Finance community backed the new grant-distribution system for ecosystem projects. The Lido DAO token (LDO) rose 16% in 24 hours.<\/p>\n","protected":false},"author":1,"featured_media":74148,"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":[1358,1387],"class_list":["post-74147","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-grants","tag-lido"],"aioseo_notices":[],"amp_enabled":true,"views":"12","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/74147","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=74147"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/74147\/revisions"}],"predecessor-version":[{"id":74149,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/74147\/revisions\/74149"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/74148"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=74147"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=74147"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=74147"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}