Market TechFlow news: Kadmil, a core developer at Lido Finance, has proposed a motion for the governance platform Lido DAO to sell 10,000 ETH (approximately $19 million) from its treasury funds to cover Lido's operational expenses for the next two years.
Kadmil stated that if ETH prices fall in the future, the resources available to the DAO for operating expenses and contributor reimbursements would be significantly reduced. Currently, the Lido DAO holds a total of $230 million in its treasury, including 166 million Lido DAO (LDO) tokens, 20,940 ETH, and 3,836 staked ETH.
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