Lido for Kusama+Polkadot by MixBytes()

Voting ended over 4 years agoSucceeded

Hi Lido DAO! As a part of the LEGO initiative, we, MixBytes(), propose a great expansion of the Lido liquid staking ecosystem to Polkadot and Kusama. We’ve spent months planning and preparing to deliver this expansion as soon as the blockchain infrastructure is implemented.

Full Proposal: link

Terms

Milestone oriented allocation as a long term motivation for us to reach for the stars
- For Kusama:
  - 200,000 LDO tokens issued with vesting a 1-year cliff and 1-year vesting when Lido for Kusuma manages to capture 2% of the staked KSM supply.
  - 200,000 LDO tokens issued with vesting a 1-year cliff and 1-year vesting when Lido for Kusuma manages to capture 20% of the staked KSM supply.
- For Polkadot:
  - 1,000,000 LDO tokens issued with vesting a 1-year cliff and 1-year vesting when Lido for Polkadot manages to capture 2% of the staked DOT supply.
  - 1,000,000 LDO tokens issued with vesting a 1-year cliff and 1-year vesting when Lido for Polkadot manages to capture 20% of the staked DOT supply.
Revenue sharing is to be implemented as well where MixBytes are to receive 20% of the polkadot and kusama Lido fees.

About MixBytes

MixBytes() is a team of engineers, auditors and analysts, experienced in decentralized systems and blockchain technology. We design and implement customized solutions based on well-known blockchains and frameworks: Ethereum\Polkadot\EOS.

We have extensive experience with Rust in general and Polkadot ecosystem in particular as we helped to develop a lot of Substrate-based projects like Robonomics, Sensorium, Evercity and DistributedSky, including cross-chain messaging (XCM) functionality and successfully delivered on grant funding from Web3 Foundation.

We are also known as a top smart contracts auditing firm with a stellar reputation, trusted by the clients like Aave, Yearn finance, Curve, 1inch, Lido etc.

Off-Chain Vote

For

509.28K 9.2%

Against

5M 90.8%

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Timeline

Aug 06, 2021Proposal created

Aug 08, 2021Proposal vote started

Aug 11, 2021Proposal vote ended

Oct 26, 2023Proposal updated

Terms

Milestone oriented allocation as a long term motivation for us to reach for the stars

For Kusama:
- 200,000 LDO tokens issued with vesting a 1-year cliff and 1-year vesting when Lido for Kusuma manages to capture 2% of the staked KSM supply.
- 200,000 LDO tokens issued with vesting a 1-year cliff and 1-year vesting when Lido for Kusuma manages to capture 20% of the staked KSM supply.
For Polkadot:
- 1,000,000 LDO tokens issued with vesting a 1-year cliff and 1-year vesting when Lido for Polkadot manages to capture 2% of the staked DOT supply.
- 1,000,000 LDO tokens issued with vesting a 1-year cliff and 1-year vesting when Lido for Polkadot manages to capture 20% of the staked DOT supply.

Revenue sharing is to be implemented as well where MixBytes are to receive 20% of the polkadot and kusama Lido fees.

About MixBytes

We are also known as a top smart contracts auditing firm with a stellar reputation, trusted by the clients like Aave, Yearn finance, Curve, 1inch, Lido etc.