For more information, please see the relevant proposal on our forum: https://research.lido.fi/t/treasury-diversification-2/2570
This is a simplified vote on the linked proposal that is focusing on the 1% allocation for DragonFly Capital.
The DAO is looking to build a position in the stablecoin $DAI in exchange for 1% of $LDO supply (10M $LDO) at a price of $1.452153 for a total of 14,521,530 $DAI.
We will focus on the allocated 1% for DragonFly exclusively on this vote and determine how to handle the other allocation after this vote is completed.
Off-Chain Vote
For-Keep as listed, no lock up
52.16K LDO0.1%
For-Keep as listed, 1 yr lock up
21.28M LDO33.3%
No-Proposal needs more work
42.56M LDO66.6%
Discussion
Timeline
Jul 21, 2022Proposal created
Jul 21, 2022Proposal vote started
Jul 25, 2022Proposal vote ended
Oct 31, 2025Proposal updated