June 30 (Cointime) - The Lido community voted on a proposal to stake 20,000 ETH from the protocol treasury in order to create productive assets and offset operational costs. If the proposal is passed, the protocol will earn an additional $2 million per year based on the current yield rate of approximately 4-6%. All members of the Lido financial management committee voted in favor of the proposal.

As previously reported by BlockBeats on May 30, the Lido DAO financial working group, Steakhouse, submitted a popular governance proposal TMC-0, suggesting staking all of the treasury ETH in Lido.