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Lido DAO (LDO) emerged to be one of the most gaining tokens among the top 100 cryptocurrencies over the past 30 days. However, the LDO token prices have taken a hit over the rejection of its governance proposal to diversify the treasury.
LDO's community voted against the Dragonfly Capital allocation proposal. The proposal would have seen Lido Finance's DAO build a $14.5 million position in DAI.
Ethereum staking protocol Lido Finance rejected a proposal to sell 10 million LDO tokens for $14.5 million to the Dragonfly Capital investment fund. Voting Results Voting on the proposed token sale for Dragonfly Capital ended yesterday.
The proposal aimed to secure a two-year runway for LidoDAO to carry out its functions in the Lido Finance protocol without worrying about further fundraising.
The majority of the votes cast were against the controversial Lido proposal to sell tokens to Dragonfly Capital without any lock-up. The post Lido DAO votes no to selling $14.5 million in LDO tokens to Dragonfly Capital appeared first on The Block.
It was a bullish week for the cryptos, with ETH and AXS leading the way. In the week ahead, the Vasil hard fork and the Fed will be areas of interest.
Lido DAO (LDO) is the liquidity staking solution available on Ethereum 2.0.
The vote is half of a proposed $29 million token sale involving the liquidation of 2% of the Lido DAO (LDO) token supply for DAI. The post Lido DAO voting on proposed $14.5 million token sale to Dragonfly Capital appeared first on The Block.
Lido Finance, a cryptocurrency staking service firm, declares its intention to spread across the Ethereum Layer two networks. Furthermore, the company announced that it would extend its support to the Ethereum ecosystem through its services on staked Ether (stETH).
The combined value of all cryptocurrencies today amounted to $1.022 trillion, declining by a small margin, while Ethereum kept at $1.5k.
Lido DAO has been making its investors very happy. It has been trending among the best-performing assets as of July 2022.
Crypto Staking Service Provider Lido Finance has begun discussions on a governance proposal to sell 20 million Lido DAO (LDO) tokens and diversify its treasury into stablecoins to fund its operating needs.
Lido finance will cut fees and will increase the speed with the new Ethereum layer-2 integration as the fees on Ethereum today are low but the goal is to keep them lower so let's read more today in our latest altcoin news today.
Lido Finance, a decentralized finance startup that provides liquidity as a service (LaaS), as well as working as a third-party staking pool operator for Ethereum 2.0, has announced plans to expand its platform to Ethereum's Layer 2 space. Layer 2 solutions are designed to scale the Ethereum network by moving some of the processing off-chain.
Staking is still a relatively new phenomenon in the world of virtual currencies. And also many individuals are still not familiar with its advantages. While blockchains like Ethereum have their importance in the industry, the need for faster alternatives continues to exist.
Crypto staking service provider Lido Finance has come a long way. From fears of shrinking liquidity for the staking derivative to Lido's native token skyrocketing to a weekly-high of $0.66, the organization has stood its ground.
The cryptocurrency LDO has seen a significant price increase due to its plans to expand services across various Ethereum Layer 2 scaling solutions.
After more than a month, the crypto market is back above the $1 trillion mark, with mostly all altcoins trading in green.
If the deal gets approved, the Lido treasury will receive $29 million in the DAI stablecoin from investors. The post Lido Finance proposal wants Lido DAO to sell 2% of all LDO tokens appeared first on The Block.
Several DeFi tokens, including Lido and Aave, have enjoyed hefty, double-digit gains over the past seven days.
Prominent staking protocol, Lido is all set to expand to layer 2 networks starting with Optimism and Arbitrum.
stETH's expansion to layer 2 means lower fees and more yield-generating opportunities for investors staking ether.
Lido DAO announces that it has opened a vote and plans to sell 2% of the total LDO. The 2% of the total LDO, which will amount to 20 million LDO, will be sold at a price of $1.45.
Questionable proposal might ruin 200% rally LDO went through in last week
