1. PixelPlaygroundHome
  2. Metaverse Insights

Lido DAO’s Financial Department Proposes Governance Proposals for Treasury Management

• Metaverse Insights • 132 views

On February 15, the financial department of Lido DAO, Steakhouse Financial, submitted four governance proposals, namely, whether Lido DAO should pledge ETH in …

Lido DAOs Financial Department Proposes Governance Proposals for Treasury Management

On February 15, the financial department of Lido DAO, Steakhouse Financial, submitted four governance proposals, namely, whether Lido DAO should pledge ETH in the treasury, whether Lido DAO should sell ETH in the treasury, whether Lido DAO should decentralize its stable currency holdings, and whether Lido DAO should sell the remaining stETH in the agreement to pay the operating expenses. Steakhouse Financial said that the five proposals related to the treasury were aimed at obtaining clear signals from LDO holders on the basic principles of how the DAO should manage its treasury.

Lido DAO put forward four governance proposals related to the treasury, including whether ETH in the treasury should be sold

Interpretation of the news:


Lido DAO’s financial department, Steakhouse Financial, has submitted four governance proposals for consideration on February 15. These proposals are aimed at soliciting stakeholder input on how Lido DAO should manage its treasury, which includes stETH and ETH holdings. The proposals aim to obtain clear signals about the basic principles that should guide the DAO’s treasury management.

Firstly, one of the proposals suggests whether Lido DAO should pledge some of its ETH holdings in the treasury. This proposal aims to explore the idea of protecting the DAO against market volatility and risk management. Pledging ETH means that the DAO can use its ETH holdings as collateral for loans, borrow against it, or use it as liquidity for other purposes.

Secondly, Steakhouse Financial proposes to sell some of the Ethereum in the treasury to manage risk and volatility. Selling a portion of the DAO’s ETH holdings would reduce exposure to market risk and provide funds for diversification or investment in other assets.

Thirdly, the proposal suggests that Lido DAO should decentralize its stable currency holdings. This proposal would require the DAO to diversify its holdings and ensure that stablecoin holdings are held across various qualified custodians. This approach spreads risk, reduces single points of failure, and maintains security.

Fourthly, the proposal suggests that Lido DAO should sell its remaining stETH to cover operating costs. This proposal aims to make the process of paying expenses transparent and predictable. The sale of stETH would give the DAO more funds to continue its operations.

The proposals initiated by Steakhouse Financial focus on creating more clarity and predictability in Lido DAO’s treasury management. The aim is to address risk management, ensure diversification, and make the process of payment of operating expenses more transparent. Through this approach, Lido DAO can better manage its financial resources and distribute them effectively for the benefit of the DAO and its stakeholders.

In conclusion, Lido DAO’s financial department has proposed a set of governance proposals for the DAO’s treasury management. The four proposals are aimed at obtaining stakeholder input and creating a transparent process while addressing risk management, diversification, and predictability of operating expenses. These proposals reflect Lido DAO’s commitment to effective financial management while considering the needs of stakeholders.

This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/449/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 02/15/2023 00:55
Next 02/15/2023 01:12

Recommended articles