TechFlow News — Lido Finance has initiated a community vote to determine whether the DAO should sell 2% of the total LDO token supply (20 million LDO tokens) from its treasury at a price of $1.452153 per LDO token for DAI. According to LidoDAO, after engaging with interested parties, Dragonfly Capital expressed interest in leading this funding round. The proposal indicates that LidoDAO will directly sell 10 million LDO tokens to Dragonfly Capital, while the remaining LDO tokens will be subject to future DAO approval. The purchased tokens will be immediately unlocked and carry full voting rights.
Proposer jbeezy stated that the goal of this proposal is to secure stablecoin-denominated funding for LidoDAO operations and to leverage Dragonfly Capital’s internal expertise in supporting DeFi projects. This move aims to ensure that Lido and its core contributors can continue performing essential protocol work over the long term and thrive as a decentralized autonomous organization.
