Lido DAO votes on 7.5 million LDO market-making mandate
- —Mandate cap is 7.5 million LDO and 480,000 USDC for retainers
- —Tokens stay in the DAO treasury until the Growth Committee activates them
- —Compensation is a fixed retainer, with no options-based schemes
- —The trigger is falling LDO trading volumes and the risk of delisting from CEXs
Why it matters: The mandate is insurance against LDO delisting from major exchanges, but it creates counterparty risk and draws on the DAO treasury.
Source: Bitcoinist