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LidoLidoby0x000535ea40436aF4DBaA44f76769d819e44990e3shalfey.eth

Refund 1,000,000 LDO spent for the new Curve pool incentives to the Lido dev team

Voting ended almost 4 years agoSucceeded

The following is an extension to the proposal posted on the Lido governance forum. Last week the Lido dev team set up a new Curve factory pool “stETH Concentrated”, featuring a high A coefficient (1000) to support the stETH/ETH exchange rate & give way for leveraged stETH positions to be safely deleveraged. To attract liquidity to the pool fast enough, the dev team has allocated 1,000,000 LDO out of pocket as LP rewards for the first week. The situation had to be relieved faster than the regular reWARDS processes allow. We propose to refund the dev team for those expenses.

Off-Chain Vote

Yes
55.5M LDO100%
No
0 LDO0%
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Discussion

LidoRefund 1,000,000 LDO spent for the new Curve pool incentives to the Lido dev team

Timeline

May 17, 2022Proposal created
May 17, 2022Proposal vote started
May 24, 2022Proposal vote ended
Feb 21, 2025Proposal updated