Lido DAO Votes On Contingent 7.5M LDO Market-Making Mandate
TL;DR Lido governance is contemplating a contingent centralized-exchange liquidity mandate. The authorization is capped at 7.5 million LDO and $480,000 USDC. Funds would solely be deployed if LDO liquidity deteriorates sufficient to justify intervention. Lido DAO is contemplating giving itself a liquidity backstop for LDO buying and selling on centralized exchanges. The proposal would authorize…
