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Posted on Jun 30, 2023Read on Mirror.xyz

The Lido community is considering staking 20,000 ETH in the treasury, and is expected to earn an additional $2 million per year

The Lido community initiated a proposal on "staking 20,000 ETH in the protocol treasury to Lido", with the aim of creating productive assets to offset operating costs. At present, the proposal has entered the main voting stage, which is expected to end in the early morning of July 1, and the current approval rate is 100%. After this vote, the second stage of voting will be entered.

According to the proposal, based on the current rate of return (approximately 4%-6% per year), it is expected that if the Lido protocol pledges the current 20,000 ETH holdings, it will earn an additional $2 million per year.