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REDO - Restake up 5k ETH on EigenLayer

Voting ended about 2 years agoFailed

Reposting proposal due to limited visibility previously

Abstract The DAO holds a substantial amount of ETH sitting idle. This proposal aims to use up to 5k ETH of the treasury to deposit on Eigenlayer.

Background The DAO could increase its treasury by using some of its ETH and restaking it on EigenLayer. This would give the chances to the DAO to get a substantial airdrop by EigenLayer and increase the DAO’s treasury.

The proposal aims to use up to 5k ETH of the treasury to deposit on EigenLayer to benefit from the airdrop and yield opportunity. The team is free to use the best means to deposit the ETH on EigenLayer (stETH, rETH, or other). *Or any of the liquid restaking protocols such as Kelp to potentially benefit from the Airdrop.

More info about EigenLayer’s restaking point system: https://docs.eigenlayer.xyz/restaking-guides/restaking-user-guide/restaked-points

Specification Use up to 5k ETH of the DAO’s treasury to deposit on EigenLayer.

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Timeline

Jan 19, 2024Proposal created
Jan 19, 2024Proposal vote started
Jan 22, 2024Proposal vote ended
Jan 25, 2024Proposal updated