Ethereum staking giant Lido mulls choices for its $30M ETH By Cointelegraph

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Sell or stake: Ethereum staking giant Lido mulls choices for its $30M ETH

The decentralized autonomous group (DAO) behind Lido — the most important staking pool — is deliberating whether or not it ought to promote or stake the $30 million in Ether (ETH) from its treasury.

A proposal was submitted on Feb. 14 by the DAO’s monetary unit, Steakhouse Monetary that considers 4 decisions, one among which contemplates staking half or all of its ETH on Lido within the type of Lido Staked ETH (stETH).

The 4 proposals (pictured) submitted by Steakhouse Monetary to the LidoDAO asking the way it ought to handle its treasury. Supply: Lido

Property presently held in LidoDAO’s treasury. ETH presently accounts for about 9% of the DAO’s over $350 million treasury holdings. Supply: Lido.

The month-to-month influx of stETH on Lido has steadily elevated since January 2021. Supply: Dune Analytics.

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