June 29 (Cointime) - The Lido community is voting on whether to stake all of its ether in its own protocol in order to create productive assets that can offset operating costs. By staking their current 20,000 supply of ether, Lido could earn an extra $2 million annually based on current yield prices.
The treasury management committee members have all voted in favor of the proposal, citing it as a great option to generate yield without incurring unnecessary risks. However, there are concerns around smart contract risks associated with the Lido protocol and the potential impact of ETH price volatility on operating expenses.
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