Allocate Lido treasury assets worth up to 600 ETH to develop Univ3 wstETH<>WETH pair
The following is an extension of the previously posted proposal to allocate assets worth up to 600 ETH from the Lido treasury to develop the Univ3 wstETH<>WETH pair. In February 2022, the new Compound price oracles are expected to be released, and those are going to use Univ3 as an anchor. This means Compound listing will require wstETH liquidity on Univ3 to be deep enough to provide good price data. While waiting for proper Univ3 wstETH<>WETH pair strategy to be developed, the Lido DAO can allocate enough liquidity for this pair from the protocol treasury directly to Univ3. The liquidity is to be deposited to an interval that captures about a 20% drop in price and a potential 5% price rise (max drop in peg stETH had over the years was 5%). This would allow getting enough liquidity in the UniV3 pool for the Compound to use the pool's price data in the wstETH listing.
Off-Chain Vote
Loading…
- Author
0x6389…B80C
- IPFS#QmNVP4s6
- Voting Systemsingle-choice
- Start DateJan 31, 2022
- End DateFeb 07, 2022
- Total Votes Cast50.25M
- Total Voters26
Timeline
- Jan 31, 2022Proposal created
- Jan 31, 2022Proposal vote started
- Feb 07, 2022Proposal vote ended
- Oct 26, 2023Proposal updated