Proposal: Lido for Solana (Chorus One)

Chorus One, a leading staking provider and Lido founding member with blockchain development experience, is proposing to build a liquid staking solution on Solana for Lido. If the Lido DAO approves this proposal, a tokenised representation of SOL staked with Lido-controlled validators (stSOL) will be developed and integrated into Solana DeFi and beyond.

Terms:

• 20% of the fee portion going to the Lido DAO treasury will go to Chorus One.
• 1m vesting LDO tokens on reaching 2.5% staked SOL market share. 1m vesting LDO tokens on reaching 25% staked SOL market share.

Full Proposal: https://research.lido.fi/t/lido-for-solana-proposal-by-chorus-one/527 Blog Post on the Design: https://medium.com/chorus-one/introducing-lido-for-solana-8aa02db8503