Lido DAO’s Financial Department Proposes Governance Proposals pertaining to Treasury Management.

02/15/2023 01:04 • Daily Digest • 217 views

On February 15, the financial department of Lido DAO, Steakhouse Financial, submitted four governance proposals, namely, whether Lido DAO should pledge ETH in the treasury, whether Lido DAO should sell ETH in the treasury, whether Lido DAO should decentralize its stable currency holdings, and whether Lido DAO should sell the remaining stETH in the agreement to pay the operating expenses. Steakhouse Financial said that the five proposals related to the treasury were aimed at obtaining clear signals from LDO holders on the basic principles of how the DAO should manage its treasury.

Lido DAO put forward four governance proposals related to the treasury, including whether ETH in the treasury should be sold

Interpretation of the news:

The Lido DAO, a decentralized and community-owned platform that enables any user to earn rewards on their staked Ethereum, made an announcement on February 15th regarding the submission of four essential governance proposals by its Financial department, Steakhouse Financial. The proposals are set towards seeking approval for critical decisions concerning the management of Lido DAO’s Treasury.

Stakehouse Financial proposed four governance proposals for Lido DAO aimed at getting clear signals from LDO stakeholders on the basic principles of how the DAO should manage its treasury. The proposed items include; whether Lido DAO should pledge ETH in the treasury, whether Lido DAO should sell ETH in the treasury, whether Lido DAO should decentralize its stable currency holdings, and whether Lido DAO should sell the remaining stETH in the agreement to pay for operating expenses.

The first proposal is targeted towards the endorsement of the ICO governing principles, which require pledged assets stuffed in the treasury to boost its autonomy, provide the ability to fund development, and necessitate service quality. The second proposal deliberates the distribution of the ETH pledging risk, where Lido DAO decides whether or not it should sell some of the pledged ETH to distribute the risk.

With the third proposal, Lido DAO aims to decentralize its stable coin holdings, ensuring that its reserves are spread over several robust stable coins. The last proposal proposes that the remaining stETH in the agreement be sold to pay for operating expenses.

By proposing these governance policies, Steakhouse Financial strives to achieve a well-structured economic and governance model for Lido DAO, ensuring transparency, accountability, and fairness. Such critical decisions must involve all relevant stakeholders’ participation and guidance to assure alignment with the symbolic principles of governance that Lido DAO upholds.

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